One VC had the perfect response to another VC who says we're not in a bubble

Julie Bort

Mar 25, 2015, 04:48 IST

Michael Arrington

Valuations are going nuts for all sorts of startups and yet debate rages as to whether we are in a bubble or if, for instance, an app that lets people send self-destructing pics is obviously worth $15 billion.

VC Sam Altman argued in a blog post that all this talk of a bubble is "boring" even though its clearly a "fun" thing for journalists and other investors to ponder.

He thinks we are not in a bubble and he's so sure he's right, he ended the post with a bet to any VC that wants to take the opposite stand.

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"The loser donates $100,000 to a charity of the winner's choice," he wrote.

To that journalist-turned-VC Michael Arrington had the perfect response:

I'm not overly worried about a bubble, but VCs tossing around $100k personal wagers tells me something is off http://t.co/F9KnlpBnwd
- Michael Arrington (@arrington) March 24, 2015

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