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DanAdamKOF posted:So is the show pretty good? I saw the first episode but it felt like some sort of Big Bang Theory, except all the "hey I know that" jokes were of tech stuff. Allegedly 80% of the show are urban legends, like the Peter Theil counting burger bun seeds which have happened in the last 10 years. So if anything its a great show for those who have never seen the deep contours of 1 infinite loop or casa Gates just how off the charts 'silicon valley' is. If the show does not titilate and make you just a little bit interested in 1. Tech promotions 2. SV governance and corporate culture you may be inside 'the bubble' in which case, everyone is laughing at you. Think of it like West Wing for SVC's. TLDR: Yes. TDR: Yes, it really is like that. Edit2: Uber can not die fast enough. The stupid number of Uber clones or 'the uber of XYZ' are getting stupid. Hal_2005 fucked around with this message at 07:21 on Mar 3, 2015 |
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Mar 3, 2015 07:17
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etalian posted:Also SF and Bay Area is general wants to be seen as a cool club place "So much better than shallow LA" even though the whole area is a basically a company town. You would be shocked at how many ex escorts or Reno girls transitioned careers to personal EA"s. And I'm not talking about Electronic Arts booth babes. Not like that is a new thing, but I think valleywag (?) had something on this and the Snapchat offices & Skye office emails joking about the new 'talent'. Too lazy to find it. It's a thing. Good thread. Should be juicy if we keep seeing margin and earning ROE's start to massively implode and all the good gossip goes public when employee stock programs start dissolving.
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Mar 3, 2015 07:53
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etalian posted:It is basically a bubble right now mainly driven by foolish private equity and also how you have large cap tech companies like Google buying up everything in sight. Oh totally. A very well regarded Hedge Fund guy took out a half page editorial in a north american newspaper to highlight the bonfire of the vanities + declining conglomerate type deals in the 1966-1971 "go go" period and 2012-2015. Ever wonder why tech companies who have never done a car in their life want to do with the car industry ? Look at the tax shields and expense breaks for line retoolings ? Now look at their current goodwill / stock comp burn rates. See anything striking ? Or fishy? No? Google the "nifty 50". If I had to blame someone I would say it was Bessemer or Guggenheim who made it a 'thing' where if you get in on a series B to D round, you could get an assured 20x multiple on the exit. So what this did was force everyone into at least having a slice of a "tech fund" in your shop. The worst is you now have social media analysts who have zero loving clue how to do models, but are basically psudo promoters who 'trend spot' all day, vs. actually doing market research. Yes, you have a paid, sell side research analyst who's entire job, said with a straight face: I scan internet forums and look for the next big thing, and write a qualitative research report based on intense market research. This guy was real. And he works at a major shop. This also is a 'thing'. Nobody wants to be seen as an idiot for passing up on the next big Facebook like fad. The only thing is the average multiple for a tech private is now something retarded like 40x Price to non-Gapp revenue. I'll let that sink in. Hal_2005 fucked around with this message at 08:20 on Mar 3, 2015 |
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Mar 3, 2015 08:13
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