Coming Soon to Your Retirement Account: Venture Blowups

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After speaking about the risks of “cramming” too much money in startups at the Goldman Sachs technology conference last week, venture capitalist Bill Gurley exited the stage.

More than a dozen investors swarmed the lanky partner of Benchmark, eager to speak with him— but few were planning to heed the venture capitalist’s advice. According to Gurley, one man, who represented a large mutual fund, asked, “You don’t want us to invest in this but the big tech stocks are not delivering enough growth and my competitors are getting into these startups, so what are we supposed to do?”

Bill Gurley: FOMO in the ‘Private IPO’ Market Is Fueling Valuations (Wall Street Journal)

This is the thirstiest thing you’ll read all day.

Let’s hope.

 

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