On: With $600M 'Blank Check' IPO, VCs Experiment on St...

[perseusprime11]

Not betting against him but there are couple of things to note 1) Not many new undiscovered markets exist 2) Google, Amazon, Facebook, Microsoft are getting bigger and bigger. 3) More bets tend to fail than succeed. So coupled with 1) and 2), not sure how much money will be left in 600M

[happyopossum → perseusprime11]

> Not many new undiscovered markets exist

Uh, how would we know that if they’re undiscovered?

No, seriously - back up 20 years and tell that to the people who invested in Google/FB/Amazon. Or back up 10 years and Tell that to the folks who were going to invest in mobile gaming startups. Or how about 5 years ago - tell the folks who were starting Uber and Lyft that their markets don’t exists.

[perseusprime11 → happyopossum]

Pace has slowed down by all accounts. I am only talking about big opportunities outside of GAFA. Also look at GDP growth.

[alasdair_ → perseusprime11]

>Also look at GDP growth.

GDP seems like a terrible way to measure the economy. Let's smash all of Bastiat's windows and grow the GDP!