When you hear about potential multi billion offers for relatively new companies being turned down and when you read about valuations around some of the social networks it is hard not to believe that it’s bubble time again.
Now, perhaps when you’ve just lived through an awful property bubble, as we have in Ireland, you tend to be looking for bubbles.
However I think Steve Blank’s comments are well worth reading and considering.
Last time we had the major internet bubble we had lots of companies with losses. Now, we may actually have lots fo companies with profits – but how many of them are sustainable?
- New rules for the new Internet bubble (finance.fortune.cnn.com)