The new new economy
What is a bubble? Will we blog it?
David Hornik is defining a bubble as an environment where lots of stupid decisions were made. But he’s pointing out that companies nowadays actually have value - a resurgence of a tech economy.
Katerina has vowed that the NEXT person who asks her if they’re being sold to Yahoo - will get their ass kicked.
David has also pointed out that it’s perfectly reaonsable - to not take VC money and grow it organically.
Dick Costolo - had a great line (when Hornik reffered to Mark Fletcher’s ’self’ funding of Bloglines): “One man’s self funding is another man’s well funded Venture Round.”