It is inevitable that US venture funding eventually rose to Y2K levels, and I would argue that it will likely continue to grow.
There were only 361 million Internet users in 2000, in the entire world. For perspective, that’s 40% of Facebook's daily active users. As global smartphone penetration continues to grow, market sizes only get bigger.
This idea of a high water mark of venture funding that indicates the presence of a bubble is nonsense. I'm not making a comment on the current funding environment but am wholly rejecting the idea of using historic venture funding levels as an indicator.
There were only 361 million Internet users in 2000, in the entire world. For perspective, that’s 40% of Facebook's daily active users. As global smartphone penetration continues to grow, market sizes only get bigger.
This idea of a high water mark of venture funding that indicates the presence of a bubble is nonsense. I'm not making a comment on the current funding environment but am wholly rejecting the idea of using historic venture funding levels as an indicator.