Fred posts on Bubble 2.0. Yes, indeedy, it’s difficult not to get caught up in the excitement of the party. I’m not really in a position to invest, personally, right now — except maybe in East Bay real estate (which is scary in its own way) — but can just imagine the plight of VCs these days.
Fred says:
You went to a great party, had too good of a time, woke up with a terrible hangover, and promised yourself you wouldn’t do that again.
Then the people who threw the party invite you to the next one.
What do you do? Go, of course.
I wonder if that’s what’s happening with all the activity in and around Web 2.0 right now…
[much very good stuff snipped out here so go check out the post yourself]
If you were at the first party, then you should never forget how it felt when it was over.
Drink responsibly this time.
For me it’s really fascinating to be on the Left Coast this time around, after having experienced the wild dot-com craze in NYC circa 1999.