Someone sent me a link to a neat video about "the bubble". Very amusing. No, not the real estate bubble. The other bubble -- the venture capital investment bubble. Or I should say the alleged investment bubble. While clearly there is a lot of enthusiasm for internet companies among investors, and while clearly some companies will have a hard time living up to their hype, I personally think that 2007 is fundamentally different than 1997 in terms of internet investing. The biggest difference is that most companies today have a clear path to revenue and profitability, whereas in the last boom cycle this was not the case. Some have even argued that Zillow's $87 million in venture capital investment is evidence of said bubble. I (obviously) beg to differ and aim to prove those doubters wrong.
In the meantime, check out the video for a few chuckles. The guys in khakis and blue shirts was particularly amusing to me.