I hear ya. This is called the Greater Fool theory.
VCs know this. That's the reason they hype startups and ask young folks to "drop out and startup'. They are bound to make money somewhere (1 in 10 startups that IPOed big). Silicon valley is a big money sucking machine.
Btw, the Wall Street firms involved in underwriting the IPO already made a ton of money. The remaining guys fought over scraps and are making money now by strategic shorts and selling existing stocks to a greater fool.
It's quite pathetic really. "Changing the world" is quite possibly the last thing most startups are doing.
I thought twitter played a role in Arab Spring. They are a good company with a niche global impact. But they definitely did not command such a big IPO IMHO.
Of course I'm saying all this retrospectively. I don't have a time machine.
VCs know this. That's the reason they hype startups and ask young folks to "drop out and startup'. They are bound to make money somewhere (1 in 10 startups that IPOed big). Silicon valley is a big money sucking machine.
Btw, the Wall Street firms involved in underwriting the IPO already made a ton of money. The remaining guys fought over scraps and are making money now by strategic shorts and selling existing stocks to a greater fool.
It's quite pathetic really. "Changing the world" is quite possibly the last thing most startups are doing.
I thought twitter played a role in Arab Spring. They are a good company with a niche global impact. But they definitely did not command such a big IPO IMHO.
Of course I'm saying all this retrospectively. I don't have a time machine.