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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."
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.
So they are sinking money into companies that fuck up american welfare (Über), in order to improve their welfare? Damn, that's actually smart.
Avantgarde Hebrew science fiction
So... has everyone just given up on unicode and now blames apple for using it rather than slashdot for not supporting it?
yvan eht nioj
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.
More than that. They're sinking money into companies that increase the demand for oil, since Uber drivers use more gas than driving yourself.
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"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.
A lot of good Kuwait's money, based on gold, did when Saddam invaded.
(-1: Post disagrees with my already-settled worldview) is not a valid mod option.
I am sure they will find someone to blame, and take credit when someone else cleans it up.
Always be wary of investors who's fortunes are not tied to your own.
since Uber drivers use more gas than driving yourself.
Ah, but what about *robot* Uber drivers?... Eh? See what I did there?
Basically, they/he are trying to divest from oil because they know that it will run out one day
Actually, this is the opposite of what they worry about. They are discovering new oil fields, and new ways to keep old wells productive, far faster than reserves are being depleted. Their real concern is falling prices and a long term worldwide glut caused by over production.
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.
Uber drivers use more gas than driving yourself.
Four of my last five Lyft rides were shared with other passengers. Lyft did a good job of matching up passengers, so the route was no more than 5 minutes out of the way for anyone. I saved about 30% on the fare by clicking "shared ride", even on the one ride without additional passengers.
Only listen to fortune cookie. Disregard all other fortune telling units.
If no unicode means no emojis then I'm ok with Slashdot not supporting it.
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.
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.
The fracking boom in the US is not a refutation of the observation that Saudi Arabia is investing in other fields (no pun intended) because they know they will run out of oil eventually.
Please let this lead to another bubble and subsequent market crash. I need to get out from under my oil investment.
We all know the Trump crash is coming - I'd say this is a sign of the End Times...
I think it's more complicated. I Uber/Lyft to places with congested parking. No circling looking for a spot. Hard to quantify.
The biggest benefit is getting drunk drivers off the road. Hard to quantify that, too.
I'm a good cook. I'm a fantastic eater. - Steven Brust
You forget, the trolls get to moderate too.
Getting drunk drivers off the road is a good thing, but that's irrelevant to the question of burning fuel.
As for "going to congested areas", well, we're really going to have to disagree. I've seen the horrible traffic jams caused by Uber/Lyft pickups in congested areas, the 30 minute (each way) crawls through the 1 mile per hour traffic to get to/from the drop off points.
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Sure, and then the person giving you a ride is going to cruise til they find another gig.
Ubers don't need to "cruise" to get fares. You are thinking of taxis.
You should tell that to literally every Uber I've ever been in. They drive around a bit between propping someone off and picking up the next person. They don't pick up people off the street, but on Friday nights they drive close to the bars to be the next ride hailed. Or otherwise try to predict where the next hailers will be.
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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).
Well you do have a point there. Aside from stadiums, areas where people are likely to use the service are also likely to have no infrastructure for taxi stands or parking lots where people can wait. If they had parking lots, people would just drive themselves. I have about zero tolerance for people that double park while picking someone up.
Though 30 minutes of straight ubers lined up sounds like a bit of hyperbole. Its probable that area would have been jammed anyhow.
I'm a good cook. I'm a fantastic eater. - Steven Brust
Except for the presence of Uber/Lyft had people pull right up to attraction rather than park 1 mile away and take the free shuttle buses. It was built with the assumption that people would do that, and the streets don't support attendees' traveling there directly and instead only support the shuttle buses (and a small percentage of VIPs/people with special needs). But they're public streets, so what can you do?
To answer my own question used to be: "what can you do" was "don't put parking close by and instead run shuttle buses".
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