when in the end of 2013 and in 2014 pension funds and similar money from out of state started to be 'absorbed' [through hedge funds of course] into the Valley, it kind of was pretty clear that this is the last, the 'IPO' wave, ie. the last fools who will be holding the bag (which is sold to them by Valley's VCs). The Valley has got these money now, will catch the breath and will be getting ready for the next wave...
The thing can become interesting if somebody happened to have sold/bought a good [leveraged] amount of bonds and CDS on all those startups around - i mean it is pretty obvious that pooling startups together into a bond would make it an AAA bond the same way like pooling subprime mortgages before 2008 produced AAA bonds :)
The thing can become interesting if somebody happened to have sold/bought a good [leveraged] amount of bonds and CDS on all those startups around - i mean it is pretty obvious that pooling startups together into a bond would make it an AAA bond the same way like pooling subprime mortgages before 2008 produced AAA bonds :)