> Editor’s note: Bill Maris is president and managing partner at Google Ventures.
Hold onto your wallet. Wall Streeters are moving to tech[1], as are retirement fund managers[2]. Bubbles only work as long as the Smart Money can profit by selling to more fools.
Where do you think the money for VC funds historically came from? It's probably less Wall Street these days now that there is so much home-grown cash (Google Ventures being an example).
It's weird how this justification for "look a bubble!" has been consistently voted to the top of HN for its entire existence. Smart people have been chatting about their being or not being a bubble longer than Hacker News has been a thing.
I would say for most areas it was less than half a decade. I can't think of many sections of an economy that can see greater than 20% year over year growth for more than 5 years without repercussions... Without corresponding growth in other areas to compensate, it's just not sustainable.
> Editor’s note: Bill Maris is president and managing partner at Google Ventures.
Hold onto your wallet. Wall Streeters are moving to tech[1], as are retirement fund managers[2]. Bubbles only work as long as the Smart Money can profit by selling to more fools.
[1] http://www.nytimes.com/2015/03/25/technology/ruth-porat-goog...
[2] http://bits.blogs.nytimes.com/2015/03/23/daily-report-privat...