Crashing the Party in Silicon Valley(dealbook.nytimes.com)
dealbook.nytimes.com
Crashing the Party in Silicon Valley
http://dealbook.nytimes.com/2011/06/19/crashing-the-party-in-silicon-valley/
http://dealbook.nytimes.com/2011/06/19/crashing-the-party-in-silicon-valley/
“We are not valuation-sensitive and the traditional community feels threatened.”
“We may be the dumbest guys in the room, but we’re opportunistic,” Mr. Mazzola said, adding that “Felix is Latin for ‘lucky.’ ”
The traditional community doesn't feel threatened by you, they're just smart enough to know that you're driving tech company prices way higher than true economic "value". Which, by definition, is a bubble.
Why do our politicians insist on making things harder for entrepreneurs (ex: immigration) while ignoring market failures caused by idiots like this?