Gerstner describes negative reflexivity of overpriced rounds forcing companies to spend money foolishly to match valuation.
“I wouldn't have had to spend money like a fool. They nail it yet again. The negative reflexivity that occurs when you have a headline valuation,”
Gerstner says $200B of incremental revenue is incomprehensible in Silicon Valley history.
“We're talking from 100,000,000,000 to 300,000,000,000. 200,000,000,000 of incremental revenue is incomprehensible in the history of Silicon Valley.”