April 19, 2006
The real bubble - BUBBLE TALK!
I like Mark Evans . He is on my blogroll. He is a good writer. He has readers!
But I have to strongly diasagree with his internet bubble talk .
That bubble burst. Big. Bad. Loud. Ugly. In the year 2000!
We are in the aftermath. There is smoke, fear, and on the fringe - some lunacy. THANK GOODNESS!
The fact that venture capitalists may be jumping over themselves to invest stupid sums (from very rich partners) in ceratin web 2.0 companies does not make a market a bubble. We are talking chump change.
When Google casts a valuation spell of any internet company, you don't have a bubble.
When companies can be created by trading a red paper clip - with a Mac Mini (Go Apple) an idea and some PR - and get to PROFITABILITY - you don't have an internet bubble.
We do have a bubble - IN BUBBLE SPEAK.
PS - One other bubble - Fat people. Now that will end big, bad, and loud, maybe not ugly - but smelly!
PSS - I think I just wrote a rap song!
PSSS - Om Malik is telling it like it is on the subject!