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Episode 1947:
Mike Smerklo breaks down the frenzy of tech investing in Silicon Valley, warning against the dangers of FOMO-fueled decision-making. While celebrating innovation's exciting momentum, he urges entrepreneurs, investors, and executives to balance ambition with realism, especially as inflated valuations hint at another bursting bubble.
Read along with the original article(s) here: https://www.mikesmerklo.com/a-new-startup-called-fomoshould-i-invest-in-it/
Quotes to ponder:
"FOMO stands for Fear Of Missing Out, a mindset that can be just as dangerous as a forest fire on a dry summer day."
"Be greedy when others are fearful. Be fearful when others are being greedy."
"Failing to recognize the risk is just as dangerous for investors as it is for those who start the startups and those who go to work for them."
Episode references:
The Third Wave by Steve Case (referenced conceptually, no direct article link): https://www.amazon.com/Third-Wave-Entrepreneurship-Vision-Future/dp/150113258X
Mark Cuban Blog on Bubble Talk: https://blogmaverick.com/2015/03/04/why-this-tech-bubble-is-worse-than-the-tech-bubble-of-2000
Welcome to the Unicorn Club: https://techcrunch.com/2013/11/02/welcome-to-the-unicorn-club
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