> Gather round: here we have a rare example of the North American Ivory-Billed True Ad-Hominem Fallacy in its natural habitat.
This is definitely ad-hominem, yourself.
> It is obviously possible for Andreeson to simultaneously be chief among "bubble deniers" and also correct about private company valuations.
Whatever, dude. Marc's point may be relevant for small slices of small firms, but no one has ever spent $500M on what are effectively equity call options outside of a bubble. As such, I posit in the case of AirBnB his logic is not applicable. So he's only just a bubble denier and not correct about private company valuations.
"no one has ever spent $500M on what are effectively equity call options outside of a bubble. As such, I posit in the case of AirBnB his logic is not applicable."
No one has ever seen a black swan outside of their dreams. If you see a black swan, you must be dreaming.
This is definitely ad-hominem, yourself.
> It is obviously possible for Andreeson to simultaneously be chief among "bubble deniers" and also correct about private company valuations.
Whatever, dude. Marc's point may be relevant for small slices of small firms, but no one has ever spent $500M on what are effectively equity call options outside of a bubble. As such, I posit in the case of AirBnB his logic is not applicable. So he's only just a bubble denier and not correct about private company valuations.