[The coming tech crash]

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.

 

[Are you both an engineer and investor?]

Tangent question: suppose that this forum is relatively overpopulated by introvert engineers (a.k.a. nerds). Does that suggest that the board as a whole has some weak spots with regards to investing? If so, which ones?

 

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

[Facebook buys whatsapp for $16B]

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.