Most people are familiar with the Gartner Hype Cycle. It is a great framework for looking at the development of important technological innovations:
When respected venture capitalist Bill Gurley said tech startup investors are taking on a level of risk not seen since the dotcom bubble days, the reaction in Silicon Valley was a collective sigh of relief: Finally, someone was saying what everyone was thinking.
THE Easterlin paradox, named for economist Richard Easterlin, reckons that higher incomes do not necessarily make people happier. Since Mr Easterlin first made his conjecture in 1974, economists’ views have evolved: money matters, studies suggest, but only up to a point.
This week. On the phone … Me: So, you raised venture capital? Him: Yeah. We raised a seed round. About $1 million. Me: At what price? Him: It wasn’t priced. We raised a convertible note. Me: With a cap? Him: Yes, $8 million. Me: Ah. I see. So you did raise with a price.
Online retailer Everlane has a straightforward mission: to provide low-cost, luxury-quality, anti-brand clothing and accessories for men and women, all without middleman markups. It wasn’t so simple when the site launched three years ago.
Whenever the tech bubble question comes up, as it does with regularity, it sparks a debate about the definition of a bubble, or what qualifies as overvaluation. When I hear this debate, I focus less on the word “bubble” and more on the word “we.