January 26, 2023
Covid wasn’t enough
The cycle goes something like this – a sector gets hotter than Georgia asphalt – boatloads of money come in – valuations go crazy with no reasonable basis and the champagne begins to flow. This party rages out of control and in some cases gets even more out of control with a little unexpected help. Everyone is having much too good a time to worry about the coming massive hangover or the fact the party should have never begun in the first place.
This is exactly what happened with Tele-Health Virtual Health or whatever you want to call it. This sector was . . .
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