All of the firms making investments into the Snapchats and Ubers of the world are sophisticated private equity funds with capital pools so large they can afford to take large risks. After our little discussion, you can now see that their bets are actually not quite as high risk as commonly thought.

No, the real danger still comes later when the public markets get involved. When those retail investors with their mixture of envy and disbelief try to cash in on something they don’t understand. That’s when we should be nervous.

Somehow reading lines like this makes me nervous now.