The current climate feels a lot different than the 2000 era. For starters, what was 'valued' in 2000 was: * The number of employees you had. I had the opportun

The current climate feels a lot different than the 2000 era. For starters, what was 'valued' in 2000 was: * The number of employees you had. I had the opportunity to be at a number of Idealab parties in 2000-2001, the only thing one company bragged to another was their head count. A company that had $500 in daily sales, bragged they at 36 employees. Oh, Goto.com has over 200 people now, they moved out of the Lab! * Your marketing spend. A company I knew 'rebranded' themselves. No one heard of them before, but they nearly bought two full page ads in the WSJ (for $110k a pop), to announce the new 'name'. They did spend around $100k in advertising and probably another $100k on a renaming party. This company had collected no revenue their entire 2 year existence up to this point. * You are measured on how big of a pop your IPO did. That is, how much money you left on the table. So, your company had an IPO price of $30 a share, when at the end of trading of the first day, it went for $300. Thus you collected $70 million, out of a possible $700. There was an ad for the WSJ about how much better your child would be if you subscribed, it mentioned that the child of a subscriber would start a company with a 'Record first day pop'. My god if you only doubled your price on the first day you were a complete failure, even though you might have had more cash to help your company grow. If Über, AirBNB and the rest, have real revenue, and they realistically don't need more funding to stay 'afloat' longer than a few months, then the bubble "isn't as bad" as 2000.