DISQUS

papa · 2 years ago

I dunno, I don't think there's much that can be done quite frankly.

One of the big problems, imho, is that you have a lot of large companies (incl. traditional media or more mature, but slow-moving tech outfits). These companies have deep pockets but are (often) clueless about where to tread next when it comes to "new" media. Fear + money are a dangerous combination.

I figure for my little company, the best we can do is to make sure that while we develop the site, we develop our ability to monetize the site. I think a lot of startups ignore this aspect of their business. Maybe not a mistake for companies like Facebook and YouTube who hit "grand slams". But for the rest of us, it makes sense to stay lean, limber and profitable. I think that's the most that any small startup can do to keep itself upright in the event that the bottom falls out from the market.

I don't think it will (at least not yet), but there have definitely been some crazy acquisitions of late. But like I said, I think the fundamental difference is that in 1999 it was internet companies buying other internet companies with "funny money" obtained from the crazy stock market valuations. Today it's big media going on the buying spree, often in all or mostly cash offers.

webomatica · 2 years ago

I'd agree there's little an individual can do to stop the continued bubble inflation as a whole, but much can be done on a personal level - to batten down the hatches and consider the implications of an economic slow down.

The bootstrappers and Craigslists will endure - it's the Facebook is worth $100 billion that is getting out of control.

I sort of feel the source of the money doesn't make it any smarter. the stock valuations the first time around were insane in hindsight. But who's to say that the millions in cash coming from old media won't be similarly demonstrated to be a waste?

Over the past year I've been wondering if there is a bubble, and I suddenly felt spurred to call a top just now - as soon as the bubble talk starts appearing in the mainstream media. But based on my amateur prognostication track record - I seem to be about six months premature. I was whining about the housing bubble during September of last year. So if I have any credibility, there's about six months to ride the wave :)

engtech · 2 years ago

Don't develop a product that can be done by a kid in his basement.

papa · 2 years ago

My point wasn't that the old media money is smarter (it obviously isn't)...my only point was that it's "real" *cash* as opposed to stock transactions ("funny money").

But the net result is probably similar.

tunequest · 1 year ago

More evidence of bubbleocity: songs about bubbles.

webomatica · 1 year ago

Hmmm and that's not a link to Don Ho either.

Seriously that video is pretty sweet. Definitely some "in" jokes for example the LOLcat that is used on Twitter for errors.