Vinny, Even if this is a bubble it is not going to hurt as much like the 2K bubble. Back then, every website was going public like mad, and it surely hurt the shareholders a lot.
That being said, I would not like to refute it not being a bubble. The way thousands of startups with no great business plans or scope for monetization are getting funded, I seriously doubt the VCs who actually are funding these sites. They definitely are going to be hurted in the burst soon to come.
However, I do think this burst is only going to affect the American startups. And if it does burst in the US, it will be a boon for startups in India and elsewhere as these VCs will definitely move out of US to Europe and here.
Jamaaludeen Khan
· 2 years ago
Vinny I agree that we're not in a bubble. This stage that we are in, I feel, is an inevitable evolution of the Web that could only manifest after certain growths were undergone. There might be little bursts, but that again is inevitable. I don't foresee a crash and a tumble though. I think we're on a firm platform and only more change and moving forward can be expected. The industry is maturing and so are the communities that make up the industry.
Poya
· 2 years ago
well said Vinny. I agree
Garsen Subramoney
· 2 years ago
Agreed. As Anand points out where is the IPO feeding frenzy that characterised the 2k bubble? I'm confused by why the possibility of VC losing money on startups would be deemed a bursting bubble.
They throw their dice and take their changes in a very calculated way. Where I would be suprised is to see VC's shutting up shop because of a multiplicity of bad investments, but this is highly unlikely .... or is?
Cindy (The 15 Minute Dating Bl
· 2 years ago
I keep hearing about people mentioning Web 3.0. I hope it is not a hyped situation also..
Shelby Ferrari
· 2 years ago
Vinny, I couldn't agree more. I'm based in Silicon Valley and interviewing with several start ups as of late. The key difference in today's startups Vs 2001 is every company is extremely lean. The business teams here in the U.S. are comprised of a handful of people. Almost all development and sales functions are now happening overseas in India, Romania, and Israel. This is a stark contrast from turn of the century start ups where shoddy engineers were earning $150k and companies were building out all imaginable company functions. I don't see any accounting or human resources teams at today's startups. Everyone wears multiple hats and companies operate lean and mean which means the good ones will be able to take the time they need turning good ideas into profit. Exciting times in our flat world!
Ade Adekoya Kadri
· 2 years ago
If any of these are overvalued ,they all worth it ,For someone to bring out a great idea is worth billions as no one is ready to come out and ask to be sold for 1$bn.Great job and great ideas
Jayson
· 1 year ago
Vinny I agree that the web 2.0 bubble is exaggerated and that the industry is a lot stronger than in the past.
You mentioned that IQ's are likely higher in the Internet industry, wouldn't this mean that the Internet competition is higher too? The average could still represent the Industry.
I'm interested in seeing the future of many of these companies. I read an article on Marketing Pilgrim talking about how Facebook is having a hard time monetizing the site or at least meeting it's expectations. I'm sure they'll figure something out. Thanks Vinny
Mike
· 1 year ago
I regards to the first post,,, ghmmmm......what does IQ mean eh,,,,spambo
Mike
· 1 year ago
Hmmm,,, Vimmy who,,,eh,,,,,IQ,,,fit
Mike
· 1 year ago
I actually took the time to begin the process but after that referral to us mere mortals forget it,,,,wait will I manage to find the delete button ,, will my IQ allow it,,,dam am not in the buisness,,,,I know I will go o web and see if I can find some directions,,,,,,,,,,,,,,,bye vimmy
All Comments
That being said, I would not like to refute it not being a bubble. The way thousands of startups with no great business plans or scope for monetization are getting funded, I seriously doubt the VCs who actually are funding these sites. They definitely are going to be hurted in the burst soon to come.
However, I do think this burst is only going to affect the American startups. And if it does burst in the US, it will be a boon for startups in India and elsewhere as these VCs will definitely move out of US to Europe and here.
They throw their dice and take their changes in a very calculated way. Where I would be suprised is to see VC's shutting up shop because of a multiplicity of bad investments, but this is highly unlikely .... or is?
You mentioned that IQ's are likely higher in the Internet industry, wouldn't this mean that the Internet competition is higher too? The average could still represent the Industry.
I'm interested in seeing the future of many of these companies. I read an article on Marketing Pilgrim talking about how Facebook is having a hard time monetizing the site or at least meeting it's expectations. I'm sure they'll figure something out. Thanks Vinny