2000年頃一度崩壊したウェブ・バブルがウェブ2.0の名で復活しているという。今度のはブームだか、バブルだか？「A VC」から意味深いエントリ「Scars From The Last Bubble」が出てきた。
Fast forward to 2006 and Union Square Ventures is going to make maybe 5 investments this year. We made 4 last year. We are taking a cautious measured approach to our investment pace. That was one of the lessons we learned from the last bubble. Stepping on the gas before the crash is a good way to get hurt.
But there are VCs who are stepping on the gas right now and are getting rewarded for it. Are we being too cautious because of the scars we carry on our back from the last bubble? It’s impossible to know. But hindsight will tell us the answer in a few years.
むかし失敗があったが、その失敗を経験として、人を成長させるか？あるいは、失敗が怖くて、前進を引き止めるか？VCにとって、チャンスの把握が重要であるだろう。ちょっとだけ引き止めてても、チャンスが他人に取られてしまうわ。
It’s a challenge that we have to face. We cannot forget the lessons from that last bubble. But we cannot fight the last war either. As much as things look similar to the last time, they are not identical. This will play out differently. I am not sure how differently but I know that it won’t be the same.
BOSSが言った通り、オトコって、バラスが最も重要なもんだ。
