The bigger story behind big valuations

The New York Times notes that big-money rounds are becoming all too routine in Techlandia, which has led some to wonder: what is the cause of this seemingly irrational exuberance? Valuation, in the end, is determined by an investor’s willingness to suspend belief — or rather how much they want to suspend that belief. There are others who are jumping in after seeing others make a killing. There is a herd-like behavior, and when that happens valuations take a leap.

But focusing on the shifting valuation and check sizes, we are missing the point: the planet as we know it is going through some seismic changes, and such changes mean opportunity — to create, disrupt and re-invent. So let’s talk about the shift.

Letter from Om

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