As such, these two charts below about India’s consumer internet bubble, circa 2015, reflect our perspective that valuations of many asset classes are overvalued based on fundamentals. By the way, we were introduced to the source data by a Linkedin post by Anshuman Verma, founder and managing director of M1L based in Mumbai, India.
Here’s our facetious takeaway of the two charts:
- The lack of emphasis regarding sustainable business models also permeates the culture in Silicon Valley. We’ve heard some jokingly use the term 'venture crapitalists,' in hushed tones, of course.
- Scale or Fail is the name of the game.
- It’s easy to buy revenues...and lose money, apparently.