We Are In A Bubble.
[Bill Gurley, Julie Wainwright, Stewart Butterfield, Nick Bilton]
We are watching an industry full of cash and unicorns. When the NYTimes' Nick Bilton asked the audience if we were in a bubble, 50% of us raised our hands. Though, at the end of his discussion with Bill Gurley (general partner Benchmark), Julie Wainwright (CEO The RealReal) and Steward Butterfield (Slack), I think the room may have been 70/30 in favor of a bubble.
Read more here: http://www.vanityfair.com/news/2015/08/is-silicon-valley-in-another-bubble
Some great quotes:
“Arguing we aren’t in a bubble because it’s not as bad as 1999,” Gurley tweeted, “is like saying that Kim Jong-un is fine because he’s not as bad as Hitler.” - Bill Gurley, Benchmark Capital
“SF tech culture is focused on solving one problem: What is my mother no longer doing for me?” -Technologist overheard and posted on twitter.
And watch Graydon Carter here: http://www.bloomberg.com/news/videos/2015-10-06/vanity-fair-s-carter-there-s-a-bubble-in-tech