Richter bubble video
I know the stupid song says to blog about the video, and yes I am, but it’s just too funny not to, and besides it’s Billy Joel. If you haven’t seen this yet, check it out:
Having been burned rather badly by the first bubble bursting, I have had thoughts lately that it feels like 2000 all over again. On the other hand, I think VCs are a little smarter this time, especially since they have so many options. On the other hand, how can you explain an industry that is based on the whims of social networking as a legitimate enterprise? Facebook could disappear even faster than it appeared if you combine a strategic mistake or two along with something cooler coming along (who uses Myspace anymore anyway?). On the other hand (can you tell I just watched ‘Fiddler on the Roof’ lately?), the expectations are set higher than they were, and there is some expectation of cash from something other than an IPO.
Here’s hoping that if it happens, it’s at least more like the air going out of a balloon than a bubble bursting. At least that gives a much more exciting ride.
