[hedberg10]

Crazy it sold at all, really. Still overvalued.

The free money bubble sets your value horizon to weird levels.

I remember hard solutions being worth something, not bro apps. Now I'm actually not that grumpy. This happens in every industry, I wish everybody involved well (I regret calling it a bro app, I'm sure there is way more involved than I am seeing, but it fits here in terms of functionality), markets are fuzzy, I don't get to make the evaluations, prices don't reflect material value but market etc. - I'm just trying to figure out my INTJness and how people cannot see this coming.

"Genius.com is going to be the Internet Talmund" and a unicorn - what? Based on what?

WeWork/Fab.com etc. etc.

[Rastonbury]

For a site like HN which is run by YC, it's surprising to get so many comments like these. Making no value judgements, this is the startup model, investors know not every bet will win, so do founders. No one knows the future. It's often quoted that 90% of startups fail, they are hard.

For every nine "how did they not see that coming"s, you'll get one "how did no one see that opportunity" eg. your Facebooks, Airbnbs, etc.