QOTD: Grand slam appetites wane

via Bloomberg:

“We’ve completely stopped investing in private tech,” said Jeremy Abelson, a portfolio manager at Irving Investors, a small hedge fund based in New York. “I’m done with intangible valuations, unknown exits, unknown liquidity, and I want something that if I put my money into it now, I’m not going to hit a grand slam, but I’m going to get something that’s immediately yielding.”

Safe to say the startup mania is over. It hasn’t “burst” like a mainstream bubble because it was never mainstream. There are a handful of retail mutual funds with very small (relatively speaking) amounts of capital invested in venture-backed companies. That’s it. All the rest of the money is from already wealthy people and organizations. The deflating of this particular bubble will not be nearly as painful as the Dot Com bust or the housing bust. It’s just not widespread enough to be “systemic”.

The bubble didn’t burst, it’s got a leak in it and the deflation is happening slowly. Tolerably. Real valuations will return to the space, people’s attitudes will adjust accordingly, life and business will go on.

Most at risk: San Francisco commercial real estate, Bay Area rental properties, the Wall Street IPO machine (which has already ground to a halt), maybe some food truck entrepreneurs and, finally, the egos of a handful of Valley King Midases.

NBD.

 

What's been said:

Discussions found on the web
  1. w88 commented on Sep 20

    … [Trackback]

    […] Here you can find 20058 more Info on that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

  2. Is Bitcoin Loophole A Scam? commented on Sep 29

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

  3. witty trades review commented on Sep 30

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

  4. Is Bitcoin Era legitimate or not? commented on Sep 30

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

  5. https://wazobet-bonus.ng/ commented on Oct 03

    … [Trackback]

    […] Here you will find 65206 additional Information to that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

  6. fun88 commented on Oct 28

    … [Trackback]

    […] There you will find 55178 more Info to that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

  7. Buy weed online commented on Nov 21

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

  8. expedia hotel commented on Nov 22

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2016/03/28/qotd-grand-slam-appetites-wane/ […]

Read this next.