157 karma · joined July 15, 2010
If you want to make money rite now (and lots of it) ride with the bubble. The answer depends on what your objectives were when you started your business.
I have to agree it seems that many signals are pointing towards a big tech bubble, though personally I will wait to see the tech IPOs following the hype of Facebook IPO to call a definite big bubble.
Also people working on these projects are scientists at googleX they are completely different from the Android team ... Google has enough resources (people and money) to pursue these long term research project without hurting their short term business too much.
At a startup my friend worked, he was one of the best engineer on the team and thus the founders wanted him to take on more work in return for a bigger bonus. In the end they did not make enough money to pay the promised bonus .. turned out the founders knew this all along but still kept mentioning the said bonus.
Also earthquake predictions are discouraged since false positives can have huge adverse economic impact (people and businesses fleeing the region) the best way to prepare for an earthquake for a community is to build good safe earthquake resistant houses rather than blaming scientists for not predicting some inherently random phenomenon.
Though I share your skepticism in accepting this argument. Since Sequoia is already on the list of most startups looking for VC funding this kind of advertisement can only attract many worthless startups just to try their luck, making the process of identifying the next big thing even harder.
source : http://www.bloomberg.com/news/2011-01-28/microsoft-earnings-...
It is always wise to invest at the start of the bubble and withdraw your money before the euphoria peaks. Maybe they are hoping to create a bubble with these ridiculous deals.
Anyone with the technical skills and idea to launch a tech startup should collect the cash now. Act fast, at this rate the foolish money wont last long.
Anyways this is a big step towards lowering the cost of computing devices.