Are we in a tech bubble?

LinkedIn
hdhdhsjjzx

Go to company page LinkedIn

hdhdhsjjzx
Feb 8, 2020 28 Comments

What is happening to Silicon Valley with the stock markets being all time high and super high valuations for pre ipo companies.

1.
Snowflake touching 12B which is 3X of the previous valuation.

2.
Uber which had so many issues with respect to profitabilty getting close to its IPO price.

3.
1 Trillion marketcap is the new 100B with companies crossing 1T left right and center.

4.
Snap, Pinterest, Lyft and even Twitter is doing good stock wise.

5.
500K salaries for Software Engineers is the new norm. its like 100K in the past. Entry level SWEs can get 200k plus salaries.

6.
2Million dollar houses are like the 1M dollar houses in the past.

7.
People finding blind more interesting than other social media. They check for notifications, likes and follow high TC post more than FB, Insta, TWTR and other social media.

8.
Leetcode is the new verb of the day like what Google was in the past. “Have you leetcoded that problem”?

I feel we need to make the best use of this period while it lasts as this might be short lived. Who knows?

Any thoughts?

TC 480k, LinkedIn staff

comments

Want to comment? LOG IN or SIGN UP
TOP 28 Comments
  • Uber
    lKux82

    Go to company page Uber

    lKux82
    Linkedin staff is the biggest bubble of the century
    Feb 8, 2020 6
  • Dell
    ;5&?4–:!!(

    Go to company page Dell

    ;5&?4–:!!(
    Wow... the most well crafted post i have seen. Well done OP
    Feb 8, 2020 1
  • How do I get 500K?
    Feb 8, 2020 5
    • LinkedIn
      hdhdhsjjzx

      Go to company page LinkedIn

      hdhdhsjjzx
      OP
      @Daav60 2M houses are possible only with 2 people working in a solid company or people who invested in 1 or 2 properties 7 to 10 years back. We need all of that plus a 500k plus pay to pay the mortgage. That’s life in Silicon Valley 😂
      Feb 8, 2020
    • Symantec / Eng
      vtWY77

      Go to company page Symantec Eng

      vtWY77
      Just because you see people posting 500k on blind doesn't mean everyone gets that. In LA senior software can get 215k to 250k outside FANG. Silicon valley is not the entire tech universe.
      Feb 10, 2020
  • Apple
    practical

    Go to company page Apple

    practical
    Perhaps tech stocks are overvalued in the short term (as is most of US evonomy) but not long term.

    Real estate in nice areas is a fairly safe investment I think. The people who buy expensive homes in Palo Alto are the kind of people who aren’t going to be hurting too much if valuations come down.
    Feb 8, 2020 0
  • Adobe / Eng
    HaroldWren

    Go to company page Adobe Eng

    HaroldWren
    The thing is, we are in a bubble in the short term but Tech is extremely valuable. We saw it in the 90s, but marketing got ahead of technology. We see it now, and again I think promises are ahead of where we are. This will cause a crash at some point but in 20 years we will be higher than today. The number of good engineers is not that high and the economic value we can drive is huge. 500k for a good senior dev is a steal.
    Feb 8, 2020 0