It was just a little over a month ago that I wrote "We?re In The Middle Of A Terrible Blubble!" - a post about the difference between the Internet bubble of 2000 and the "blubble" (as I call it) that we're in today. The short version of the post is this: venture capitalists like to declare valuation bubbles to fight rising valuations, and the press eats it up because it's dramatic. in 1999 the Nasdaq was out of control crazy with no real relationship between stock prices and operating results. We're not seeing anything like that today, partially because so few companies are going public. And many of the huge-valuation private companies, like Facebook, Groupon and Zynga, have rumored profits that would justify their lofty valuations. And while Twitter is still too cool for revenue, I've considered them the exception rather than the rule. But the market has shifted in the last month since I wrote that post. Things that have happened in the last couple of weeks in particular are worrying me. Well, not exactly worrying me. But making me far less comfortable with the health of the startup ecosystem.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/Cif-mpASExA/
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