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http://www.cnbc.com/2015/12/17/silicon-valleys-cash-party-is-coming-to-an-end.htmlquote:Based on interviews with about two dozen venture capitalists and tech investors, 2016 is shaping up to be a year of reckoning for scores of technology start-ups that have yet to prove out their business models and equally challenging for those that raised money at unjustifiably high prices. quote:"It's been surprising to see how quickly valuation expectations are recalibrating," said Craig Hanson, a partner at Next World Capital in San Francisco. "Rounds will be harder to raise, valuation multiples will be lower and, in many cases, companies will have to demonstrate metrics that back up the big projections they promised before." quote:Or, as Todd Chaffee of Institutional Venture Partners describes the environment, "The cheap capital party is over, but there are a few drunk sailors who didn't hear last call." here's a great example of how crazy things have gotten with a company called Theranos: https://en.wikipedia.org/wiki/Theranos quote:Theranos is an American privately-held health-technology and medical-laboratory-services company based in Palo Alto, California.[1] Theranos has claimed to have developed a blood-testing device named Edison that uses a few drops of blood obtained via a finger-stick rather than vials of blood obtained via traditional venipuncture,[2] utilizing microfluidics technology.[3] Its founders have raised over $400 million from investors, valuing the company at $9 billion, without their testing device ever being subject to peer-reviewed study.[4] also the guy who wrote a puff piece on them is now recanting his story: https://beta.finance.yahoo.com/news/author-fortunes-theranos-cover-story-171100486.html quote:Back when the Silicon Valley-based startup, known for its blood tests that allegedly only used a finger-prick's worth of blood, was still largely keeping quiet about how its technology worked, Parloff reported that the 200 tests the company offered could run "without the need for a syringe." combined with the interest rate hike and it looks like 2016 might be the economic collapse we've all been waiting for. or at the the very least you are about to get a heck of a deal on aeron chairs.
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Dec 17, 2015 20:37
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Good, I want to see all the bearded hipster millennials cry.
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Dec 17, 2015 20:38
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Will Twitter die? This is important.
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Dec 17, 2015 20:38
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Wicker Man posted:Good, I want to see all the bearded hipster millennials cry.
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Dec 17, 2015 20:43
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#techbub #bigpop #twitplosion #stabbedthroughtheheartbyaunicorn
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Dec 17, 2015 20:44
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burn it all
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Dec 17, 2015 20:46
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natetimm posted:Will Twitter die? This is important. probably. they already dont make any money and had to lay off 8 percent of the staff this year. and how learned they were fired: 
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Dec 17, 2015 20:46
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Wicker Man posted:Good, I want to see the state of california cry and break out in riots
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Dec 17, 2015 20:48
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Bah, humbug. Come be inspired
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Dec 17, 2015 20:49
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bart! no!
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Dec 17, 2015 20:51
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Good. I hate Silicon Valley and everything it stands for.
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Dec 17, 2015 20:51
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this has nothing to do with football
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Dec 17, 2015 20:52
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SF rents dropped an avg of $3,600 to $3,450 for a studio last month lol. bubble is over guys come on back to SF!natetimm posted:Will Twitter die? This is important. maybe, maybe not if they lay off most of their workforce. really the whole platform could be run by a team of like... < 200 easily now (compared to 4,300 that they currently have), but all these lovely startups and bullshit are GOTTA GROW BIGGGG so they waste fuckton of money overexpanding, overhiring, while never having an actual revenue source that can support that so then they implode, or they pray they get gobbled up, or cash out on IPO (this is getting more rarer)
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Dec 17, 2015 20:52
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Vince McMahon will buy twitter because his business relies on it
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Dec 17, 2015 20:54
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b-b-but where will I go on Saturday mornings to watch cartoons in my pajamas if there are no more hipster breakfast cereal bars?
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Dec 17, 2015 20:58
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Nonsense posted:Vince McMahon will buy twitter because his business relies on it Huh... That's not a bad idea.
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Dec 17, 2015 20:59
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this reminds me to buy more apple stock. apple can only go up Up UP!
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Dec 17, 2015 21:01
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ghlbtsk posted:hipster breakfast cereal bars? Is this a real thing?
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Dec 17, 2015 21:06
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ghlbtsk posted:b-b-but where will I go on Saturday mornings to watch cartoons in my pajamas if there are no more hipster breakfast cereal bars? You can do this in the comfort of your own home
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Dec 17, 2015 21:07
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Wafflz posted:Is this a real thing? what do you think   
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Dec 17, 2015 21:16
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lol, just lol edit: these 'fruity pebbles' won't be so 'cheerio' when the bottom falls out of the market for their 'trix' Mozi fucked around with this message at 21:19 on Dec 17, 2015 |
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Dec 17, 2015 21:16
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Xaris posted:what do you think Where is ISIS when you really need them?
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Dec 17, 2015 21:17
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Xaris posted:what do you think THEEEEEEEEEEEEEEEEEEEEY"RE GAY!
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Dec 17, 2015 21:17
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Wafflz posted:Where is ISIS when you really need them? Looks like they turned deep sleeper cell and started a cereal breakfast joint.
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Dec 17, 2015 21:19
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Xaris posted:what do you think
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Dec 17, 2015 21:20
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I thought the cereal bar was in London, not SF
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Dec 17, 2015 21:21
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i love that podcast, btw - have you heard about this murderer guy, bowe somebody?
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Dec 17, 2015 21:21
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VendaGoat posted:THEEEEEEEEEEEEEEEEEEEEY"RE GAY! Engagement ring was a froot loop
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Dec 17, 2015 21:22
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symbolic posted:wasn't there a thread a couple of months ago where their store got vandalized? yes, and to be fair its in london and not silicon valley tho im surprised we don't have one near here because it'd fit perfect with the regressive infantilistic bullshit, like crappy $8 grilled cheese fast-food sandwich startups "just like mom used to make" type poo poo, that retarded techies love to gobble down as they accelerate towards their imminent death undergoing early on-set midlife crisises after "working" overtime every day.
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Dec 17, 2015 21:22
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Good I hope all the newly unemployed libertarian nerds starve to death on the streets of San Francisco
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Dec 17, 2015 21:22
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donald trump will illegalize the internet and thus san fransisco by proxy
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Dec 17, 2015 21:22
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Hector Beerlioz posted:You can do this in the comfort of your own home but then how will I hit on those hipster gurlz pajamas are very sexy, don't knock this concept until we verify whether these places are full of women in pajamas imo
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Dec 17, 2015 21:26
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Roy posted:donald trump will illegalize the internet and thus san fransisco by proxy Internet still exists but only Fox News, the drudge report, and ESPN are accessible
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Dec 17, 2015 21:27
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huh, maybe i should actually start working on that app i raised all that capital for
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Dec 17, 2015 21:30
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Xaris posted:what do you think cuminmybeard.com
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Dec 17, 2015 21:32
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can't wait to watch san francisco burn
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Dec 17, 2015 21:32
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Wow I remember reading stories about Theranos, in particular lauding their genius FEMALE founder who's worth billions. I work for a company (not for much longer!) that will be producing similar products as Theranos, it's quite interesting to do a search on them and see that an FDA audit found 14 observations and gave them two separate 483s which is a BIG slap in the face. But I don't know if this converts into the tech bubble itself struggling. This is proper science, which is difficult and requires hard work, not making an app about the latest fad and managing your microtransactions and picking how many hammocks to put into your worker nap rooms.
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Dec 17, 2015 21:33
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*live video feed of mark zuckerberg bolting wildly out of a cruelty-free coffee shop with four briefcases bulging with dollar bills as he is chased by road warrior mutants screeching his name*
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Dec 17, 2015 21:34
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Xaris posted:what do you think Didn't their store get trashed in a riot because everyone who lives there hates them?
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Dec 17, 2015 21:35
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does anyone know how to make apps
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Dec 17, 2015 21:35
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