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Is Seattle headed towards dot-com irrational exuberance - again?

By Kevin

When I see the 'New Seattle Startup Index' by Seattle 2.0 I can't but help feel that we're headed back to the days of dot-com irrational exuberance. The days where success was measured by page views and unique visitors, not revenues and profit margins. In 1997 through 2000, those of us involved in building the dot-coms did so on the greater fool theory. Kind of like owning a professional sports team. Doesn't matter if you're losing money. A greater fool with a bigger ego will come along and out bid the other guys to pay double what you bought your team for seven years ago. With dot-coms the greater fool was the next venture capital group who would put in more money at double or triple the valuation of the VC group at the last funding round...continue to full post

Full post as published by Real Lawyers : Have Blogs on August 15, 2010 (boomark / email).