Posts tagged “web 2.0”

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.

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.

We're in Bubble 2.0. The signs are obvious: insane acquisition prices, startups with no business models getting VC, and Facebook thinking it's the new Google. One rule-breaking startup per year makes real money. Everyone else burns cash. I lived through the last crash, but this time I'm on the inside. Here we go again.

I spent the weekend being antisocial and exhausted. Also, I posted an "illegal" number: 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0. The MPAA is trying to suppress it, Digg revolted, and I explore what happens when you empower users enough to destroy your own site.