Surely also the big question is how much real long term value has been created, versus how many photo-sharing apps aqui-hired.
I bet that $1b could do a lot of good finding cures for diseases, rather than pumping up web startups to be sold on. But I guess there's not so much profit in that.
Note that I'm not beating up on YC here, I'm just stating an opinion on web-startups in general and the ridiculous valuations of them lately.
A lot of $1b's are invested into finding cures for diseases, you just don't read about it on HN. It's nearly entirely done by the relatively small number of very large farmaceutical companies in the world.
I forgot the numbers, but getting a single new medicine on the market is frighteningly expensiv (and it's being done anyway).
Personally, I think it's fine that meanwhile some other people are investing in companies that allow me to easily sync my files across devices.
Wrong target populace for that kind of news I think. These investments are (without regarding the amount of it) are business as usual, in Start-Up land as well as in Big Pharma land.
What makes the one billion interessting for HN are 1. it quite a sum 2. from an investment point of view a good indicator for success (only since you can estimate the overall value of the portfolio, success for the individual companies is something completely different) and last but not least it's pg and YC companies.
I bet that $1b could do a lot of good finding cures for diseases, rather than pumping up web startups to be sold on. But I guess there's not so much profit in that.
Note that I'm not beating up on YC here, I'm just stating an opinion on web-startups in general and the ridiculous valuations of them lately.