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Is the bubble very widespread though? Facebook is the darling right now and news like these remind of bubbles, but are there many other startups that receive su
by Timothee 16y ago
Is the bubble very widespread though? Facebook is the darling right now and news like these remind of bubbles, but are there many other startups that receive such a treatment right now?
Granted I wasn't there and wasn't following when it happened, but from what I gather, the first Internet bubble was crazy investments and spendings everywhere in the Silicon Valley, not just one or a few startups.
To put it simply, is it an industry bubble or a Facebook bubble? And can you point to what shows it's widespread?
The question might be moot if you think that, in any case, the fall of Facebook would take the rest with it…
- vessenes 16y agoI lived through it, and it was crazy. I lived in Boston, and at the time in Boston Zefer closed a $100mm series A, the largest series A in history. They had lovely offices! There was definitely a 'you have to be spending on tech, you have to be spending on marketing' vibe at any funded tech company at the time. Aeron chairs, yadda-yadda. Content Management systems cost $500k plus. Servers for the CMS'es could run $30k a month(!!!) each. It was really, REALLY different than the vibe today, a vibe in part built by YC -- go cheap, keep overhead low, prove it out, etc. etc. I don't think the current Zeitgeist is comparable at all.