Debating the Tech Bubble with Steve Blank: Part I
Ben's Blog
JUNE 18, 2011
In the last bubble, the S&P hit 44x in January 2000. So it looks like the market leaders are trading closer to recession multiples than bubble multiples. Let us look at examples of the last two major computing cycles (prior to the Internet). The internet is working. Currently, the S&P is trading at 22x.
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