On September 4th, 2006 I asked if we were in a new bubble (previous post link). Although I don’t think it was so hard to see it coming, it seems that now is the time to give a smug smile and say: I was right. We are seeing startups starting to close shop and investors being careful about investing in anything that says “Web 2.0”. Before the bubble burst in the year 2000, any company that added the “.com” suffix to their name (news article about those crazy times) got great investments for no apparent reason.
Now Michael Arrington of TechCrunch, a blog which (also) covers startups and even has a DeadPool tag for those that didn’t make it (see all the companies in there) writes an article called “Bubble, Bubble, Bubble”. Need I say more?
Maybe I should get back to work now.