The worst net outcome is probably that exuberance leads to an over-correction and a pull back on investment in this space at all... And IMO this wouldn't be the first time for COSS.
Maybe 6-8 years ago there were a lot of investments in stuff like JavaScript frameworks with companies built around them. Ionic comes to mind as an example as one that is still in existence. Many others flamed out.
And then for no apparent reason it seems like things went cold for a brief moment before the fundamentals took hold and investment flowed back in.
The tendency for these windows to open and close cyclically can't be good for the ecosystem. Such seems to be the nature of the global financial system.
Great points! Obviously I’m extremely biased in that I believe COSS will be worth $2-3T+ as a category by 2030 and today it is 20X~ smaller than that, but there will still be a lot of “separation of wheat from chaff”.
The worst net outcome is probably that exuberance leads to an over-correction and a pull back on investment in this space at all... And IMO this wouldn't be the first time for COSS.
Maybe 6-8 years ago there were a lot of investments in stuff like JavaScript frameworks with companies built around them. Ionic comes to mind as an example as one that is still in existence. Many others flamed out.
And then for no apparent reason it seems like things went cold for a brief moment before the fundamentals took hold and investment flowed back in.
The tendency for these windows to open and close cyclically can't be good for the ecosystem. Such seems to be the nature of the global financial system.
Great points! Obviously I’m extremely biased in that I believe COSS will be worth $2-3T+ as a category by 2030 and today it is 20X~ smaller than that, but there will still be a lot of “separation of wheat from chaff”.
I'm with you.
Arguably there is no market-wide exuberance, just that people aren't sure who the winners are, so it's kind of a "spray and pray" mentality.
During the
.combubble: Many companies overvalued. The great ones like Amazon were radically undervalued.