Startups continue failing at an alarming seventy to eighty percent rate for top picked opportunities, while, for average startups, the failure rate is closer to 95 percent.
ECB President Mario Draghi has been highly effective with his words alone -- moving markets with speeches and little action. However, by doing so he has also set the bar high and expectations for action are becoming the norm.
It is time we recognize the impact that Generation Xers across the globe have had on the Millennials' outlook on life, work, politics, civic engagement, entrepreneurship, activism or culture. Let's not sell our Millennials short. Let's add nuance and perspective to the conversation. Let's burst that bubble, shall we?
A bubble is a rise in prices that is unsustainable because it is based partly or entirely on expectations that prices will rise. Bubbles are vulnerable to shocks that raise questions about the validity of the price expectation.
Is Uber worth $18 billion? Hey, why not? But that doesn't matter. What matters is that a lot of smart people believe it's worth $18 billion and there are a lot of smart pundits and analysts will back up this belief too.
This has all the makings of a bubble and when it bursts, it will hobble students' ability to borrow for college. Reforms are needed, but there is very little political will and talk of bubbles never penetrates those inside the bubble.