Paul Kedrosky has the definitive Top Ten list of bubble signs in Silicon Valley.
He’s missed a few specific stories I would’ve thrown out there, like the recent articles about trust fund 20-somethings running around Manhattan funding startups they’ve discovered at nightclubs. Or this precious little gem, destined to be an artifact of the era when all is said and done – Startup Bus!
But who am I to critique? Especially in light of the fact that Paul and I agree.
Now please understand my nuanced point of view before I send you over to Infectious Greed:
I love the fact that Venture Capitalism in the US is thriving, our startup culture is the envy of the world. I also think it is important to understand that just because something is in a bubble, that doesn’t render everything involved useless or destined for disaster. Good things come out of bubbles – just not for all participants. Especially those who write the most desperate checks for the dumbest things closest to the top (Ivana Trump’s Vegas real estate development, anyone?)