One VC had the perfect response to another VC who says we're not in a bubble

Michael arringtonjdlasicaMichael Arrington

Valuations are going nuts for all sorts of startups and yet debate rages as to whether we are in a bubble or if, for instance, an app that lets people send self-destructing pics is
worth $US15 billion.

VC Sam Altman argued┬áin a blog post that all this talk of a bubble is “boring” even though its clearly a “fun” thing for journalists and other investors to ponder.

He thinks we are not in a bubble and he’s so sure he’s right, he ended the post with a bet to any VC that wants to take the opposite stand.

“The loser donates $US100,000 to a charity of the winner’s choice,” he wrote.

To that journalist-turned-VC Michael Arrington had the perfect response:

NOW WATCH: Animated map of what Earth would look like if all the ice melted

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at