“It’s Hard to Know Where It Stops”

There are weeks when I read the news and think, “Really? Can all of this be happening?”

Nowadays, I’m referring to the wild west of the startup and VC business, which is getting more insane by the term sheet. This week you saw unbelievable stories of rising prices, documented here by Kate. At the same time, there were important cautionary tales about the downsides of excessive valuations and growth.