Sure, there's a lot of hype and excitement out there. But to call it a bubble is somewhat misleading. The biggest deals happening right now wouldn't even warran

Sure, there's a lot of hype and excitement out there. But to call it a bubble is somewhat misleading. The biggest deals happening right now wouldn't even warrant a sidebar mention in the web 1.0 boom. Niche retail sites were getting $60m rounds, regularly. Companies with huge losses were going public with valuations over $1B. Now Arrington is calling it a bubble because companies are getting $7m first rounds? Sure, there's a lot of hype and a lot of these companies will go nowhere, but from hype and exuberance grows innovation.