Like most writing on the subject, it seems the creator had an opinion on the subject and then created the presentation to persuade the reader it is correct. Which is quite normal in the field, of course, but when presented with a chart or graph a reader often believes that they're making up their own mind based on the raw data. In some cases this is true, but it is very easy to cherry pick only the data that supports your point - which is pretty clearly what the creator has done here. I'm not saying that means there is private tech asset bubble, but a bunch of pre-selected data points also doesn't prove there isn't.
It's really difficult to conclusively prove anything until you're looking back at the event. Until then there will always be two sides to the argument.
Creator here (I put together the data for FeeFighters, and KissMetrics designed it)... I DO have the view that we're not in a bubble at the moment, but I went into this exercise without much of a view on it... I didn't cherry pick the data at all, I just threw in everything I could think of (hence the length!) Certainly some things now do feel like a bubble. I wanted to put in a section of particularly bubblicious fundings, but the only one I could come up with was Color.
I don't remember the last bubble all that well... I was SHOCKED when reading up on it to make this graphic. Shit was crazy back then, companies literally got funded over a shitty plan on a napkin.
I've since then seen a few counter-factuals... the only one that comes to mind is real estate prices in Palo Alto. Let me know if you think of others, maybe we'll do a second one and show another side of things.
Thank you for making an infographic out of useful information in a statistically adept way. The infographic that focuses on communicating data accurately is a rare treat. I particularly found the valuation and revenue comparison interesting and well done.
Comments
Like most writing on the subject, it seems the creator had an opinion on the subject and then created the presentation to persuade the reader it is correct. Which is quite normal in the field, of course, but when presented with a chart or graph a reader often believes that they're making up their own mind based on the raw data. In some cases this is true, but it is very easy to cherry pick only the data that supports your point - which is pretty clearly what the creator has done here. I'm not saying that means there is private tech asset bubble, but a bunch of pre-selected data points also doesn't prove there isn't.
It's really difficult to conclusively prove anything until you're looking back at the event. Until then there will always be two sides to the argument.
Creator here (I put together the data for FeeFighters, and KissMetrics designed it)... I DO have the view that we're not in a bubble at the moment, but I went into this exercise without much of a view on it... I didn't cherry pick the data at all, I just threw in everything I could think of (hence the length!) Certainly some things now do feel like a bubble. I wanted to put in a section of particularly bubblicious fundings, but the only one I could come up with was Color.
I don't remember the last bubble all that well... I was SHOCKED when reading up on it to make this graphic. Shit was crazy back then, companies literally got funded over a shitty plan on a napkin.
I've since then seen a few counter-factuals... the only one that comes to mind is real estate prices in Palo Alto. Let me know if you think of others, maybe we'll do a second one and show another side of things.
Thank you for making an infographic out of useful information in a statistically adept way. The infographic that focuses on communicating data accurately is a rare treat. I particularly found the valuation and revenue comparison interesting and well done.