If we view the exponential growth of computation in its proper perspective as one example of the pervasiveness of the exponential growth of information based technology, that is, as one example of many of the law of accelerating returns, then we can confidently predict its continuation. In the accompanying sidebar, I include a simplified mathematic... See more
And reset they must. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas. Median valuations for early-stage companies tripled from around $20m pre-money valuations to $60m with plenty of deals being prices above $100m.