Of Course It's Not Another Bubble ...
This piece from NYTimes Online echoes my own thoughts in this post; the Times answers the question of whether we are experiencing another Internet bubble by saying no. How can the Times be so sure? It's the little things:
... there are notable differences between the turn-of-the-century dot-com boom and now. In 1999, there were 308 technology I.P.O.’s ,,, in 2010 there were just 20. These tech start-ups have real businesses ...fast-growing revenue. Groupon has been profitable since June 2009 and is on track to take in billions. In 1999 less than 5 percent of the world’s population was online ... now broadband Internet and personal computing have become mainstream. 1 in 3 people are online now.
In short, go ahead and buy into the latest crop of wanna-be game-changers. It's not like you've been burned before ... right?
