On Bubbles … And Why We’ll Be Just Fine
Both Sides of the Table
JUNE 22, 2011
But this mania to not miss out on the next big thing is driving some investors to pay growth-equity prices for traditional market risk (as in, they’re paying up before it is clear there is product / market fit). And this is happening in mezzanine (pre-IPO) deals as well. And well they should be. And so on down then line.
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