Posts tagged “tech bubble”

We're seeing dot-com bubble thinking resurface: "eyeballs" are back, business plans are passé, and VCs are burning millions on shaky ideas. I like Twitter fine and think they could monetize easily, but the broader market mentality is genuinely alarming.

Buzznet hired a pink-clad girl to drive around the country hyping their product to kids. Bubble confirmed. Not that I mind.

Facebook apps are buying each other for $60k with no revenue, no business model, nothing. The bubble is on. I predicted a 24x revenue acquisition in September; Business.com is already tipping at that multiplier. Let's see if my timing is right too.

Private equity just paid $1.5B for NexTag at roughly 19x earnings, higher than recent acquisitions of aQuantive (14x) and DoubleClick (10x). The bubble is inflating nicely. If we hit 24x earnings by September, I'm launching GigaSeldo.

I'm tracking bubble chatter: The Register says bubble, BusinessWeek says "frothy" with an "inevitable correction" while avoiding the b-word. Splitting hairs. A smaller bubble is still a bubble.

CBS paid $280M for Last.fm after Yahoo! balked at $30M a year ago. It's a desperate move by a company with no new media chops, and Last.fm could have found a smarter buyer. Likely to end badly.