greenbriar

Here's a counterpoint from Sam Altman of YCombinator: http://blog.samaltman.com/the-tech-bust-of-2015 He thinks most of the bubble is limited to late stage private valuations and that even those "valuations" are being misunderstood. The late-stage unicorns raise primarily through debt instruments with high liquidation preferences; the top line valuation in those is actually more of an option.

Not to stereotype, but I would imagine us "nerds" have more affinity for companies like TSLA vs. companies like LULU.

Just as an aside, the only outside investor, Sequoia, made out like bandits on this deal: April 2011 investment: $8M Rough estimate of their stake now (assuming conservative 15% ownership): $2.4B 300x return in under 3 years.