In my opinion it is a great testimony that we just crossed 100,000,000% value appreciation
It is truly amazing. What historic assets or companies have risen that much? Are there others?
I would say, no. It is "easy" to have a 1000x value appreciation with startups, perhaps 10,000x is possible. 100,000x hardly.
A MILLION TIMES INCREASE IN 4 YEARS 10 MONTHS IS A NEVER BEFORE IN WRITTEN HISTORY EVENT.
You pick an arbitrary transaction between private parties to create some irrational hyperbole.
Heck if I note that Dori in a Thirld World country internet cafe gave me free internet access ($0.25 per hour normally) in exchange for my promise to share some of the ownership of Art-O-matic, then does that mean I count the gain after 3 years of the $1.2 million IPO valuation that I was offered in 2001 as a counter-example to your claim.
Have you priced the Tulip mania in comparison? Are you sure you really want to show the "investment" only matches manias and not real investments throughout history?
The gloating is what people who deserve to lose their talents do, because they aren't productive any more, because they've been made too rich to do any real work.
I guess you will delete this post too.
As I understand it he is trying to find the very first transaction to get a relevant starting point. I don't find that arbitrary.