Slashdot Mirror
VC Market Is on Pace for Strongest Year Since Dot-Com Era (bloomberg.com)
Venture capitalists are spending cash at levels not seen since the dot-com era, and theyâ(TM)re raising money at a pace to match. From a report: Last quarter, VCs spent $27.3 billion in the U.S., according to a report set for publication Tuesday by research firm PitchBook and the National Venture Capital Association, a trade group. That's the most in any second quarter since the group began tracking quarterly data more than a decade ago. Combined with a record-setting first quarter, the VC market had its strongest first-half-year performance since 2000. The $57.5 billion invested in startups so far this year has already surpassed the full-year total for six of the past 10 years. This year is on track to exceed the $81.9 billion invested last year, which was itself a record since the dot-com boom.
A lot of this money has been coming from China: people who are afraid of their own country and don't want to invest money there.
"First they came for the slanderers and i said nothing."
There was a news story (60 Minutes?) that did a story on the Saudi Royal Prince. Basically, they/he are trying to divest from oil because they know that it will run out one day and they want to create other revenue streams to keep their welfare state going. And I'm sure to allow the Royal family to keep buying their mega yachts and private jets.
The news show mentioned the money the Royal family sank into Uber as an example. I also think that they and other sovereign wealth is what's buoying equity markets around the World and why values are so out of wack - couple that with the cheap money the central banks have been pumping out since the crash of '08.
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It's like everyone viewing slashdot is on an iPad. :/
Indeed. The VC market (and capital markets in general) is on pace for the biggest (probably bigger) crash-and-burn since 2000. But I have faith that the current administration will handle it with their usual deft, competent aplomb.
Nah, you could read the article and realize its largely from Japan's Softbank.
"That doesn’t include a stockpile raised by SoftBank Group Corp. The Japanese conglomerate, which is looking to spend $100 billion in the technology business, is a driving force behind the VC fundraising frenzy."
And you could then Google Softbank and see what they're buying. Which seems to be solar and green tech and blockchain and bitcoin exchange tech.
....which is looking to spend $100 billion in the technology business, is a driving force behind the VC fundraising frenzy."
But that doesn't explain the money that has already been dumped in. It looks like Softbank is coming late to the party and they'll probably lose their asses.
We're coming off of a top in the business cycle. Things are gonna start to slow down in a year or so.
Why is "theyÃ" trademarked?
"But that doesn't explain the money that has already been dumped in. "
They're $100 billion in so far, buying up ARM, and a big chunk of Uber, and Grab, back in March they announced $200 billion for the New York solar project.
In contrast China's outside tech fund is a piddling $15 billion, and the US ones are tiny, e.g. Lightspeed $1.8 billion.
Really this is Softbank's VC play here.
All I see is more new "pets.com"-like things, but if you've got a better idea no VC wants to talk to you.
What?
Fiat currency. Money from thin air, to own everything you have and need.
I am sure they will find someone to blame, and take credit when someone else cleans it up.
No it isn't - that is the DNC in emergency danger control trying to shoot down a true grassroots movement.
'Oh negative press - it's the russians!' Bull.
DNC are nuts, people are walking away. Accusing everything of the russians looks stupid and no-one credible believes that shit.
Some people made money in the dot com era, so what could go wrong? I want in. How can I do it? Already taking a double mortgage on the house. OK, the second one the bank did not allow, so I did it with my neighbor. He is a nice gentleman from Sicily.
Don't fight for your country, if your country does not fight for you.
It's interesting how the post (accurately) pointing out that the troll is a troll is modded down, while the troll is modded up.
How is it that performance is measured only by the amount of investment, not by the return?
...and that's the problem with today's "investigative journalists". They *know* certain things and announce them with 100% conviction, completely regardless of factual events. If facts don't agree with their *knowledge*, too bad for the facts!
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Reading this is like someone farted in a shoe.
I agree a crash is coming, but I'm not so sure about the burn. Why would governments and central banks refuse to continue propping up junk assets with quantitative easing money all of a sudden? The predicted downside of QE - high inflation - never materialized, so as far as they are concerned there are no election cycle down sides to the money printing policy.
The real problem is that bankers have so successfully conflated paper wealth and real wealth, that the real economy is dying a slow death from poor resource allocation without anyone noticing.
My prediction is that the next phase of this madness will be talented young people ceasing to engage in the formal economy in larger and larger numbers. The whole 'deal' of student loan debt, unaffordable housing and constant career reinvention looks far too obviously like a trap now. As the generations ahead keep piling up on the job scrap heap, many young people will conclude it is a waste of their time.
Western countries, which can no longer even build enough basic housing for their populations, are in long term decline. It's just the same old story - greed, incompetence, selfishness. I don't think we will head to another war or revolution, but I think that poverty like we haven't seen in the west for almost 70 years is going to make a massive comeback, and people will just shrug their shoulders and say there is nothing that can be done.
...and that's the problem with today's "President". He *know* certain things and announce them with 100% conviction, completely regardless of factual events. If facts don't agree with his *knowledge*, too bad for the facts!
Comment removed based on user account deletion
So we've an international trade war heating up on multiple fronts *and* another dot-com boom 2.0 on the horizon. Wonderful. We are hitting that ~10yr mark again, so it's starting to look about time. Again.
We distributed your investment, but the market reconubulated, so now it's valueless.
Care to try again?
ceci n'est pas un sig.
Please let this lead to another bubble and subsequent market crash. I need to get out from under my oil investment.
I feel like that's blood money, just like drug money or laundered money, I don't trust large ammount of money concentrated, seems illegal or unnatural.
Yeah, those gay NY hairdressers are definitely all Russian operatives. You can't miss 'em.
Don't disappoint your bird dog. Go to the range.
You're right, nothing says completely legitimate real commentary like an off-topic troll post on a tech forum. Definitely no astroturfers here.
We all know the Trump crash is coming - I'd say this is a sign of the End Times...
we use crypto now
If only we could call it the "End to Idiocy" but the future will not be that kind.
You forget, the trolls get to moderate too.
When will its bubble burst again like the dotcom? :P
Ant(Dude) @ Quality Foraged Links (AQFL.net) & The Ant Farm (antfarm.ma.cx / antfarm.home.dhs.org).