It's not overvalued if people are still paying the price. Only the last fool in ... | Hacker News

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		std_throwaway on Aug 3, 2017 \| parent \| context \| favorite \| on: Squaring Venture Capital Valuations with Reality It's not overvalued if people are still paying the price. Only the last fool in a long line will get hurt.

lxm on Aug 3, 2017 | [–]

The last fool is likely to be some guy who eats and breathes finance. The last fool who did not negotiate liquidation preferences, ratchet provisions and a board seat will get hurt, though.

swarup182 on Aug 3, 2017 | [–]

yeah, the last group of fools.

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