Last October, there were death knells.
The VIX was at 90.
We were vomiting.
VC’s were writing their CEO’s secret letters entitled ‘R.I.P Good Times ‘
Everyone wanted their MOMMY.
Today, AdMob was bought by $GOOG for $750 million. Playfish was bought by Electronic Arts $ERTS for $400 million. There were like 10 other deals. Accel partners is the Tiger Woods of the venture capital world. Life is good for the the POLO boys of Sand Hill Road.
I don’t want to jinx some of my private investments, but FIVE have rounds closed/closing (major up rounds) in the last 60 days and let’s face it…I don’t know what I am doing.
It’s the giddy express!
The VIX is in the low 20’s.
I am enjoying it because I have been consistently investing in the web since 2005. I have always stood by the fact that it’s a good time to start a business.
I don’t think today is anything different.
Massive deflation in start-up costs…cheap talent. No excuses.
Now if I could sell…..Mortimer…….
Yes I repeat myself :)
Accel is very good. But, has been a lil to shady on a couple of deals over the past two years. At least with respect to founders. Nevertheless, great exits but would never let them invest in my deals
Tiger woods is an awgul styretch. I agree
Accel is very good. But, has been a lil to shady on a couple of deals over the past two years. At least with respect to founders. Nevertheless, great exits but would never let them invest in my deals
Tiger woods is an awgul styretch. I agree
Great (and very true) post. The Trading Places reference at the end was a definite cherry on top.
“bull market, bear market, expansion, depression, the OPPORTUNITIES are still there just like always, it’s just the PRICE that changes.” I can't remember who said that:)
Love it. People freak out over the ups and downs, but in the long run the web is too powerful. Glad there are guys like you who see through the BS.
Great (and very true) post. The Trading Places reference at the end was a definite cherry on top.
“bull market, bear market, expansion, depression, the OPPORTUNITIES are still there just like always, it’s just the PRICE that changes.” I can’t remember who said that:)
Yes I repeat myself :)
Love it. People freak out over the ups and downs, but in the long run the web is too powerful. Glad there are guys like you who see through the BS.
well, well, i see lots of good news and happy people in this thread…..allow me to chime in and spoil the fun.
1. gold is over $1100. all time high. gold rallying is not good news; it's the doom and gloomers asset of choice. with gold at all time highs, i think we can chalk one up for the doom and gloomers.
2. accordingly, dollar index ain't looking to pretty these days. i would venture the worst is yet to come. the dollar is the big picture, if we break below 71 on USDX……uh oh. and if we continue on the same trajectory we're on (printing trillions for goldman and wars, interest rates near 0%) we'll be testing that level soon enough.
3. internet folks seem to think government, aka the folks that ruin everything, will continue to be fairly hands off on the internet. things like the proposed cybersecurity act can easily spoil the fun for everyone. to think the govt won't try to spoil the fun is to misunderstand what govt's core competences are (spoiling the fun and taking your money).
i hope the happy people in this thread will take some time to think about this information, and all the reasons there are to be concerned, sad, and worried.
9/11 was an inside job,
kid mercury
well, well, i see lots of good news and happy people in this thread…..allow me to chime in and spoil the fun.
1. gold is over $1100. all time high. gold rallying is not good news; it’s the doom and gloomers asset of choice. with gold at all time highs, i think we can chalk one up for the doom and gloomers.
2. accordingly, dollar index ain’t looking to pretty these days. i would venture the worst is yet to come. the dollar is the big picture, if we break below 71 on USDX……uh oh. and if we continue on the same trajectory we’re on (printing trillions for goldman and wars, interest rates near 0%) we’ll be testing that level soon enough.
3. internet folks seem to think government, aka the folks that ruin everything, will continue to be fairly hands off on the internet. things like the proposed cybersecurity act can easily spoil the fun for everyone. to think the govt won’t try to spoil the fun is to misunderstand what govt’s core competences are (spoiling the fun and taking your money).
i hope the happy people in this thread will take some time to think about this information, and all the reasons there are to be concerned, sad, and worried.
9/11 was an inside job,
kid mercury
well, well, i see lots of good news and happy people in this thread…..allow me to chime in and spoil the fun.
1. gold is over $1100. all time high. gold rallying is not good news; it's the doom and gloomers asset of choice. with gold at all time highs, i think we can chalk one up for the doom and gloomers.
2. accordingly, dollar index ain't looking to pretty these days. i would venture the worst is yet to come. the dollar is the big picture, if we break below 71 on USDX……uh oh. and if we continue on the same trajectory we're on (printing trillions for goldman and wars, interest rates near 0%) we'll be testing that level soon enough.
3. internet folks seem to think government, aka the folks that ruin everything, will continue to be fairly hands off on the internet. things like the proposed cybersecurity act can easily spoil the fun for everyone. to think the govt won't try to spoil the fun is to misunderstand what govt's core competences are (spoiling the fun and taking your money).
i hope the happy people in this thread will take some time to think about this information, and all the reasons there are to be concerned, sad, and worried.
9/11 was an inside job,
kid mercury