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 in 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: