Not yet, because the exit isn't as obvious. In the last bubble, you had some control over the process (there was a brief window when anything "Internet" could

Not yet, because the exit isn't as obvious. In the last bubble, you had some control over the process (there was a brief window when anything "Internet" could be sold to institutional buyers via an IPO). Right now it's all acquisitions: dumb deals will get made, but in general, the buyers tend to be much savvier (and warier). Also funding does not equal payoff. If anything, they've just created a huge burden for themselves because the payoff has to be orders of magnitude higher to satisfy their investors.