Item — HN Reader

You're cherry picking the quote:

> In a bubble there is always someone with a “great” idea pitching an investor the dream of a billion dollar payout with a comparison to an existing success story. In the tech bubble it was Broadcast.com, AOL, Netscape, etc. Today its, Uber, Twitter, Facebook, etc.

In context, what he's saying makes a lot of sense.

1 comments

Broadcast.com is only sort of comparable to WhatsApp (in terms of roles in a bubble).

And WhatsApp was all set to be the primary social network for a billion people, not yet another video site.

That's not the point though. The point Mark Cuban was making is that now people pitching VC firms compare their company to Uber or whatever, versus previously they were comparing it to AOL or Broadcast.com

But wanting to be the next Uber or whatever is a worthwhile aim. Saying "i want to be like broadcast.com" is saying "i want an insane bubble deal." Saying "I want to be like Uber" is saying "I want to work tirelessly for years and build a truly global business from scratch."

I respect your point, but I don't think I left anything meaningful from my quote.