OpenAI and Microsoft Are Partners, Until They Vie for the Same Customers Read More

Art by Mike Sullivan.
The Takeaway

Bitcoin, Unicorns and Why All Bubbles Aren’t Created Equal

Photo: Art by Mike Sullivan.

The “B” word returned this week. The stock market swooned. Bitcoin tanked. And the world was abuzz with conversations about whether bubbles were bursting—or not.

Against this sudsy backdrop, I reached out to Bill Janeway, who has been studying bubbles as an economist and growth equity investor. Joining Warburg Pincus in the late 1980s, he backed enterprise giants like BEA Systems and Veritas and watched the 1998 to 2000 tech bubble up close.

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