Nope, no bubble here. At this point I'm chanting for the bubble to burst blood to flow on the streets of Silicon Valley, bringing all these "app billionaires" into reality.
I remember in 2007 hearing about PE firms giving Harvard MBAs 400k signing bonuses. We know what happened to that industry shortly after.
Mentioned this on Friday last week.....The ultimate bubble is here, there will be many documentaries and articles written on the rise and fall of silicon valley, its going to happen, the newbies in silicon valley have zero understanding what a bubble is, all the money flowing into these startups is all because of QE and the free bailouts BUBBLE ben bernanke and friends did, but just continue to ignore it of course, all that free money is going to stop, these apps and startups are only worth maybe 1/50th and even in some cases 1/100th of what they are valuing them at. Any sucker who believes snapchat is worth nearly $20,000,000,000 is the biggest fucking fool I have ever seen, the collapse is coming....but of course this time its different, right?? Its always different...hah fucking fools!!!! S2007S 15,024 Posts 36 Likes This headline says it all.....no need to even explain...if you don't know what im talking about you're a fool.... Snapchat is paying college grads almost $500,000 to work there http://www.businessinsider.com/snapchat-entry-level-salaries-2015-4 Friday at 8:19 AM #5540
I think they including stock options in that figure, the article says stock options are on top which is probably wrong. Base salary is probably closer to $100K than 500K. How much upside there is in 2015 stock option grants in snapchat, probably not much. 500K is probably what grad who started in 2013 are making now, on paper at least.