It's the valuation that is wild to me (I think the idea itself has merit). But these are the new economics. I can only say "that's wild" enough before it is in fact no longer wild.
These aren't new economics, it's just VC funds trying to boost their holdings by saying it's worth X because they said so. Frankly the FTC should make it illegal.
That's not impressive. That's an incredible amount concentrated in the hands of a few looking for a place to live. It has to end up somewhere. Some of it goes everywhere.
It's the valuation that is wild to me (I think the idea itself has merit). But these are the new economics. I can only say "that's wild" enough before it is in fact no longer wild.
These aren't new economics, it's just VC funds trying to boost their holdings by saying it's worth X because they said so. Frankly the FTC should make it illegal.
That's not impressive. That's an incredible amount concentrated in the hands of a few looking for a place to live. It has to end up somewhere. Some of it goes everywhere.