For those who went through dot com bubble, I just want to ask you questions if what you experienced is similar to what is going on now.
1. What used to whoa people was 400k-550k TC a few years back. But now that range seems to be 800k+
2. People say market is hot these days. Even Startups pay like 200k base
3. A lot of startups get massive series a, b. In case of Rippling, series C gets them to 6.5B valuation. Clubhouse goes to 4B since existing only for 2 years.
4. Massive number of IPOs. The days that were waiting for a couple anticipated ipos (pinterest, dropbox, airbnb) are gone. Now a lot of starts go IPO and even Trump media company goes public via SPAC
5. Valuations go crazy. Fundamentals are for boomers now. Tesla profits 1.6B and is valued at $1T. Many other companies go really big really fast
Are we in this era where digital transformation sweeps the whole world and we are just starting to see how tech is getting market share from dinosaurs old fashioned world?
Or will it swing back and conform to the established fundamentals that we are used to?
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
It's pretty ridiculous, actually.
So in short, companies are not making enough money to justify valuation. And many companies do not even make money.
Companies not making money or negative balance sheet : EVs lucid, rivian, fastly, wish ,spacs (long list). Company making peanut profits : confluent, amplitude, roblox, pltr, robinhood, tsla(compared to valuation), coinbase(compared to valuation)
With low interest rates, folks are chasing higher returns with more risk, which leads to poor investments.
Or, it might not be.
Or both.