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by gumby
1180 days ago
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> Startup valuations had gotten too rich. What possible value is there for entrepreneurs of a secular reduction in valuations? Currently those of us in tech are suffering due to the absurdities of the SaaS obsession. Edit: I mean developing technology, what has to be called “deep tech” these days. |
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If the valuations were just speculative, then it could represent a return to a world where cause and effect and value are more rational, which is theoretically far better for a smart investor/entrepreneur to participate in than something between a game of craps and a ponzi scheme.
I don't mean to assert that any of that is reality, but that's a possible avenue for value to be found in a reduction of valuations.