It is one thing to argue that valuations are high and another thing to argue that silly ideas are being funded. I don't see any evidence that the bar for getting funding has been lowered. I know perfectly good teams with some traction hustling hard to get funded. In the case of Color, Bill Nguyen has sold a company for 800 M$ in 2000 and 80 M$ in 2009. I'm pretty sure he's not raising a big round to feel good about himself. Also: Sequoia Capital http://en.wikipedia.org/wiki/Sequoia_Capital
@colinyoung makes a good point about taking money off the table. Personally, I think it's a good thing that some of these companies remain independent instead of Flickr-ing off.
I would add that investors in most tech companies right now are qualified and certainly no fools. Don't worry until you see your dentist trying to invest in a startup unrelated to his field of practice.
We are in a growth cycle and hopefully, all the press about a bubble won't become a self fulfilling prophecy. I'm more concerned about journalists than angels or VCs.
Comments
I am not an expert either.
It is one thing to argue that valuations are high and another thing to argue that silly ideas are being funded. I don't see any evidence that the bar for getting funding has been lowered. I know perfectly good teams with some traction hustling hard to get funded. In the case of Color, Bill Nguyen has sold a company for 800 M$ in 2000 and 80 M$ in 2009. I'm pretty sure he's not raising a big round to feel good about himself. Also: Sequoia Capital http://en.wikipedia.org/wiki/Sequoia_Capital
@colinyoung makes a good point about taking money off the table. Personally, I think it's a good thing that some of these companies remain independent instead of Flickr-ing off.
I would add that investors in most tech companies right now are qualified and certainly no fools. Don't worry until you see your dentist trying to invest in a startup unrelated to his field of practice.
We are in a growth cycle and hopefully, all the press about a bubble won't become a self fulfilling prophecy. I'm more concerned about journalists than angels or VCs.