Goldman CEO Warns Against Market Euphoria Amid DoorDash, AirBnB IPO Frenzy

Solomon has a precocious point, and it’s not just monetary policy but the sheer hype within venture and the consumer industry generated by VCs and early stage investors to support their startups. While Airbnb and Doordash are great companies, it is important to keep in the perspective of the market. For instance, for Airbnb, the hotel industry still has its place and how that serves as a potential competitive market, and for Doordash, there are other meal delivery services such as Grubhub and Postmates that may have better developments to come.