Crashing the Party in Silicon Valley

If there's a bubble, it's because idiots like this are dumping money into the system. Greenspan and Shiller call it irrational exuberance.

“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?