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The Next Bubble – Don’t Get Fooled Again

Steve Blank

A tech bubble is the rapid inflation in the valuation of public and private technology companies that exceeds their fundamental value by a large margin. Bubbles are not new; we have had them for hundreds of years (the Tulip Mania , South Sea Company , Mississippi Company , etc.). We don’t get fooled again. The Who 1971.

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How to Fund a Startup

www.paulgraham.com

Another concept we need to introduce now is valuation. I say "in theory" because in early stageinvesting, valuations are voodoo. As a company gets more established,its valuation gets closer to an actual market value. As a company gets more established,its valuation gets closer to an actual market value. Better how?