a16z GP Martin Casado on what people get wrong about bubbles: "The question is not 'Are we overinvesting relative to short-term demand?'" "The question is, are we overinvesting relative to long-term demand? And if so, do we have the economic reserves to stop some sort of systemic unraveling?" “The fundamentals are so different and so much better this time than they were during the late 90s." “Remember, we overvalued things in mobile. We overvalued things during the early cloud boom. We overvalued things during the early SaaS boom.” “Does this mean there’s gonna be systemic collapse? I see absolutely zero indication of that.” @martin_casado on WSJ’s Bold Names podcast