Y Combinator's Sam Altman made a gutsy bet with critics 5 years ago to prove there wasn't a startup bubble. The reason he lost shows a disconnect between public and private markets.
, and he thought the bubble talk was way overblown.
"That was back in a time when it was really nonstop," Altman told Business Insider. "Every other article was about a bubble or said we were in a bubble. I felt very strongly that startup investing was not, but I didn't have the specific numbers so it was hard to say who was right and who was wrong."that fears of the bubble were overblown.
"They were quite dramatic," Altman now says of his 2015 predictions. "If anything, I would have scaled them back. It wasn't a bubble, it was the opposite." When the clock struck midnight and the world welcomed a new decade, Altman started crunching the numbers to see how his predictions panned out. "Sometimes the TechStars guy would email me about one startup or another, but other than that I wasn't really thinking about it," Altman said of the bet over the last 5 years.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Rockwell Channeled Bill Murray For Jojo Rabbit RoleThe Fosse/Verdon star channeled the famed comedian for his controversial character!
Read more »
Sam Mendes Talks '1917' Double Win | Golden Globes 2020'It's in the hands of the filmmakers more than anything else.' 1917Movie director Sam Mendes talks about the future of seeing films on the big screen and the evolution of movie-making
Read more »
Golden Globes: Sam Mendes' '1917' Wins Best Motion Picture, DramaSam Mendes' war epic 1917Movie beat out Martin Scorsese's TheIrishman, which would have given Netflix its first-ever best picture trophy
Read more »
Sam Smith Encourages Fans to Love Their Bodies in Inspiring New PostAs we embark into 2020, everybody could use just a little bit of positivity to kick start their new year. Lucky for us, Sam Smith is here to do exactly that.
Read more »
Sam Hunt Sets First Headlining Date of 2020 With NHL Stadium Series Gig: ExclusiveSam Hunt has revealed his first headlining date of the year, Billboard can exclusively announce.
Read more »
Sam Mendes Surprises With Golden Globe Win For Best Director, Saluting Martin Scorsese & Grandfather Who Inspired His World War I Drama ‘1917’In one of the biggest surprises of tonight’s Golden Globes ceremony, 1917 helmer Sam Mendes won the award for Best Director of a Motion Picture. Parasite’s Bong Joon-ho was heavily favored to take …
Read more »