Are Silicon Valley's valuations a symptom of unevenly distributed hyperinflation?
@alec I think it's just that people are investing more of their cash holdings in stocks and not bonds
@moltensteel @alec Chasing yield?
There is a definite locality to it though. If you want to hire a good VP Engineering in the bay, you need what, $300k total comp? So you need a high valuation.
Then the cycle repeats.
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