The New York Times ran a page one story today about how Silicon Valley appears to be in the midst of a new bubble, driven by the enthusiasm that venture capitalists and angels have for social networking and mobile apps businesses.
It cited the recent reports about how Twitter’s value has been pegged at $4 billion in its rumored round of investment. The story also pointed to the more than $5 billion valuation of Zynga, the creator of social games such as FarmVille on Facebook. And it pointed to Google’s willingness to pay $6 billion for Groupon, which was valued at $1.35 billion only eight months ago. Groupon evidently rejected the offer on Friday because it believes it is worth more.
Other signs, the newspaper said: A new pack of startups are coming in behind: Yammer raised $25 million; Tumblr raised $30 million; GroupMe raised $9 million; and Path raised $2.5 million. Those deals are causing some bearish investors to shake their heads.
The topic of a reinflating bubble has become a popular one at recent events such as the Web 2.0 Summit before Thanksgiving. There, John Doerr, managing director at VC firm Kleiner Perkins Caufield & Byers, said he believes we are in the midst of another tech boom driven by the vast changes in society caused by social networking and mobile technology. Bing Gordon, a partner at Kleiner Perkins, said that the firm hired Wall Street analyst Mary Meeker as part of an attempt to stay on top of the coming internet boom.
Fred Wilson, who was quoted in the New York Times story, wants to throw cold water on the froth. A partner at Union Square Ventures, Wilson had the foresight to invest in Twitter when Kleiner Perkins made the mistake of failing to do so (forcing Kleiner to try to invest now at a much higher valuation). He said in a debate with Doerr at the Web 2.0 Summit that we’re in the midst of a bubble. Angel investor Chris Sacca was also quoted in the Times as saying he has put a freeze on investments until startup valuations come down.
But the paper notes this is not a stock market bubble, since none of the companies mentioned have gone public. They’re raising big rounds from venture capitalists. Then they raise even larger secondary rounds from big private equity investors such as DST. Those investments allow them to keep growing their businesses without going public. And the outcome for many of these companies is to be acquired by the likes of Cisco, Intel, Microsoft, Google, or Apple. Those companies are sitting on mountains of cash. If the stock market crashes, those acquirers will be hurt as will the valuations of startups, but the acquisitions will probably continue.
Another difference is that in the age of Web 2.0, web-based companies are able to amass audiences very quickly — Zynga has more than 215 million monthly active users for its games even though it is just shy of four years old — and become profitable early on. By contrast, startups such as Pets.com in the frothy days of the dotcom bubble had no chance of making money. Angel investors are feeling the heat because they are getting priced out of a lot of early-stage deals as venture capitalists try harder to find “the next Facebook” earlier.
Which side of the fence are you on? The bears may eventually be right. But they may also miss out on a lot of money-making in the meantime if they sit on the sidelines of this latest gold rush. Please take our poll and comment on why you voted the way you did.
Next Story: WikiLeaks documents lay bare vast hacking attempts by Chinese leaders Previous Story: Week in review: Amazon takes down Wikileaks
Jimbo3 on November 19, 2010 at 1:26 PM
Let’s address your feeble strands.
Secondly, let’s remember the macro issues of ideology and of who values free speech and who vitiates it. The history of the Left is one of hostility to dissent. This is evident through every leftist movement, is plainly observable to any person with an able political consciousness walking the earth, and has been manifested in every Leftist regime in history through their inevitable criminalizations of dissent, from post-Revolution France to Soviet Russia to communist China to Cuba to Venezuela. Do you plan on contesting this?
Rove and Bush/Cheney essentially said that anyone in the US that didn’t support the war with Iraq was unpatriotic and a dangerous fool.
False. Here is what Cheney said:
“The suggestions that’s been made by some U.S. Senators that the President of the United States or any member of this administration purposely misled the American people on pre-war intelligence is one of the most dishonest and reprehensible charges ever aired in this city.”
Here is what Bush said:
“It’s irresponsible to use politics. This is serious business making, winning this war, but it’s irresponsible to do what they’ve done.”
But what were “they” doing? They were alleging calculated lies to engage a war — to put US soldiers at risk for political purposes.
Why isn’t it within the president’s rights when accused of lying (directly accused by Howard Dean and Al Gore) to defend himself and his administration from lying? That’s also part of free speech.
He did not attempt to delegimitize the dissenters, but to counter the charges they made.
And even though he said this ONCE, even though he never accused critics of being unpatriotic, he took pains after his deliberately misinterpreted comments to qualify every speech on the war, and every point of exception to the criticism he received, to reaffirm the right of dissent. This rhetorical reaffirmation became a mantra by Bush for the rest of his presidency. Because he believed it. It is not something I’ve ever heard from Barack Obama. I have never heard him make a point to accept the legitimacy of dissent. Because he doesn’t. He doesn’t respect it or appreciate it as fundamental to freedom. He never has.
Furthermore, Bush consistently demonstrated decency in discourse and respect for his opponents, e.g., lavishing praise on Nancy Pelosi when she became House speaker, and refraining during his entire administration of singling out or even making an issue of his numberless slanderers. Bush served eight years under the most withering siege of personal attacks directed at any president in our history, including 78 studio-distributed anti-Bush and anti-war “documentaries” (the greatest flowering of dissent in American history) and also including several feature films calling for his assassination, along with a booming hate-Bush cottage industry on colleges and in the fringe media, but never reduced himself or the presidency to attacks against anybody or against the right of dissent. He never attacked MSNBC or Air America.
Rove played favorites with news reporters and television stations and newspapers, depending on whether he liked what they were writing.
So what?
Bush didn’t allow dissenters to attend many of his rallies when he was running for re-election.
Who does? Has any president in modern times invited hecklers to campaign rallies? This does not signifiy hostility to free speech, just an appreciation a certain campaign orderliness. The fact is, every time Bush addressed the media he was facing “dissenters.” Who among them was ever singled out had their taxes audited? Who among them, like Joe the Plumber, had their personal lives laid open on the op-ed pages of major newspapers just for asking an inconvenient question?
Cheney personally attacked several of his critics.
Name them. How were they “attacked”? But if so, good for him, because most were filthy liars like Joe Wilson and deserved being called out for who they were. That’s called free speech and the marketplace of competing speech. He never tried to SHUT THEM DOWN.
Cheney would not allow access to the records of people he met with to determine his proposed Energy Policies.
Cheney was vindicated on this as appropriate under Executive Privilege (which by the way, Obama has invoked more times now in two years than Bush-Cheney did in 8). Hillary Clinton, let’s remember, was fined $200,000 by Judge Lamberth for NEVER revealing the names from her Healthcare meetings.
Again, none of this has ANYTHING to do with suppressing the right to dissent.
Some of Bush’s early records have disappeared, including some of his arrest and service records. Shall I go on?
What? Yeah, sure, go on. If they’re as lame as these, we can all share a laugh.
Oh, and I didn’t see alot of people on the right defending the comments of Rick Sanchez of CNN. He said, correctly, that Jews “control” the networks (or something very similar).
Rick Sanchez is an idiot and made defamatory statements even he admitted. If people didn’t line up to defend idiocy they can hardly be accused of suppressing the right to speech or supporting institutional barriers and arbitrary authoritarian control over speech like the bill in question does. Sanchez can go write a book.
I’ll overlook your ugly comments about the “Jews.” The antisemitism of the Left is a whole other chapter in its sick history.
I don’t pat myself on the back. But you can take your “we’re equally guilty” charge and eat it. I’m not equally guilty. I’ve gone to the streets for freedom of speech, for Michael Moore and for Pat Robertson. I understand Voltaire’s maxim that mine is tied into yours (something the Left can’t understand simply because it cannot afford to — it cannot survive true “equality”).
The Left wears the blood of millions of deaths from the suppression of freedom, the blood of millions of dissenters who challenged that suppression. It seeks the same suppression now as it has throughout history. In America, its path is legislation. The police state follows.
Your sorry examples don’t come close to addressing the larger issues raised, and the great ideological Leftist drift toward the eclipse of freedom.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Desayuno Lujiazui: <b> Noticias </ b> & puntos de vista sobre las existencias de China (06 de diciembre <b> ...</ b> Inversores y comerciantes en el principal distrito financiero de China se trata de lo siguiente antes de el inicio de hoy el comercio: Con las expectativas sobre la inflación y la política monetaria cada vez más claro, los inversores están tomando las señales desde el extranjero ...
Apple ahora vende paquetes de tarjetas de regalo IPAD | iLounge <b> Noticias </ b> iLounge noticias discutir el Apple . IPAD vendiendo paquetes de regalo Tarjeta Más noticias de Apple iPod de los principales independientes, el iPhone, y el sitio IPAD
Carnahan Campamento Para Fox <b> Noticias </ b>:. ¿Por qué solo Us Out / | TPMMuckrakerLawyers Robin para el ex candidato al Senado? Carnahan es el argumento de que la cadena Fox News es singularizar el demócrata de Missouri en su demanda alegando su campaña violado los derechos de autor de la red.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
The New York Times ran a page one story today about how Silicon Valley appears to be in the midst of a new bubble, driven by the enthusiasm that venture capitalists and angels have for social networking and mobile apps businesses.
It cited the recent reports about how Twitter’s value has been pegged at $4 billion in its rumored round of investment. The story also pointed to the more than $5 billion valuation of Zynga, the creator of social games such as FarmVille on Facebook. And it pointed to Google’s willingness to pay $6 billion for Groupon, which was valued at $1.35 billion only eight months ago. Groupon evidently rejected the offer on Friday because it believes it is worth more.
Other signs, the newspaper said: A new pack of startups are coming in behind: Yammer raised $25 million; Tumblr raised $30 million; GroupMe raised $9 million; and Path raised $2.5 million. Those deals are causing some bearish investors to shake their heads.
The topic of a reinflating bubble has become a popular one at recent events such as the Web 2.0 Summit before Thanksgiving. There, John Doerr, managing director at VC firm Kleiner Perkins Caufield & Byers, said he believes we are in the midst of another tech boom driven by the vast changes in society caused by social networking and mobile technology. Bing Gordon, a partner at Kleiner Perkins, said that the firm hired Wall Street analyst Mary Meeker as part of an attempt to stay on top of the coming internet boom.
Fred Wilson, who was quoted in the New York Times story, wants to throw cold water on the froth. A partner at Union Square Ventures, Wilson had the foresight to invest in Twitter when Kleiner Perkins made the mistake of failing to do so (forcing Kleiner to try to invest now at a much higher valuation). He said in a debate with Doerr at the Web 2.0 Summit that we’re in the midst of a bubble. Angel investor Chris Sacca was also quoted in the Times as saying he has put a freeze on investments until startup valuations come down.
But the paper notes this is not a stock market bubble, since none of the companies mentioned have gone public. They’re raising big rounds from venture capitalists. Then they raise even larger secondary rounds from big private equity investors such as DST. Those investments allow them to keep growing their businesses without going public. And the outcome for many of these companies is to be acquired by the likes of Cisco, Intel, Microsoft, Google, or Apple. Those companies are sitting on mountains of cash. If the stock market crashes, those acquirers will be hurt as will the valuations of startups, but the acquisitions will probably continue.
Another difference is that in the age of Web 2.0, web-based companies are able to amass audiences very quickly — Zynga has more than 215 million monthly active users for its games even though it is just shy of four years old — and become profitable early on. By contrast, startups such as Pets.com in the frothy days of the dotcom bubble had no chance of making money. Angel investors are feeling the heat because they are getting priced out of a lot of early-stage deals as venture capitalists try harder to find “the next Facebook” earlier.
Which side of the fence are you on? The bears may eventually be right. But they may also miss out on a lot of money-making in the meantime if they sit on the sidelines of this latest gold rush. Please take our poll and comment on why you voted the way you did.
Next Story: WikiLeaks documents lay bare vast hacking attempts by Chinese leaders Previous Story: Week in review: Amazon takes down Wikileaks
Jimbo3 on November 19, 2010 at 1:26 PM
Let’s address your feeble strands.
Secondly, let’s remember the macro issues of ideology and of who values free speech and who vitiates it. The history of the Left is one of hostility to dissent. This is evident through every leftist movement, is plainly observable to any person with an able political consciousness walking the earth, and has been manifested in every Leftist regime in history through their inevitable criminalizations of dissent, from post-Revolution France to Soviet Russia to communist China to Cuba to Venezuela. Do you plan on contesting this?
Rove and Bush/Cheney essentially said that anyone in the US that didn’t support the war with Iraq was unpatriotic and a dangerous fool.
False. Here is what Cheney said:
“The suggestions that’s been made by some U.S. Senators that the President of the United States or any member of this administration purposely misled the American people on pre-war intelligence is one of the most dishonest and reprehensible charges ever aired in this city.”
Here is what Bush said:
“It’s irresponsible to use politics. This is serious business making, winning this war, but it’s irresponsible to do what they’ve done.”
But what were “they” doing? They were alleging calculated lies to engage a war — to put US soldiers at risk for political purposes.
Why isn’t it within the president’s rights when accused of lying (directly accused by Howard Dean and Al Gore) to defend himself and his administration from lying? That’s also part of free speech.
He did not attempt to delegimitize the dissenters, but to counter the charges they made.
And even though he said this ONCE, even though he never accused critics of being unpatriotic, he took pains after his deliberately misinterpreted comments to qualify every speech on the war, and every point of exception to the criticism he received, to reaffirm the right of dissent. This rhetorical reaffirmation became a mantra by Bush for the rest of his presidency. Because he believed it. It is not something I’ve ever heard from Barack Obama. I have never heard him make a point to accept the legitimacy of dissent. Because he doesn’t. He doesn’t respect it or appreciate it as fundamental to freedom. He never has.
Furthermore, Bush consistently demonstrated decency in discourse and respect for his opponents, e.g., lavishing praise on Nancy Pelosi when she became House speaker, and refraining during his entire administration of singling out or even making an issue of his numberless slanderers. Bush served eight years under the most withering siege of personal attacks directed at any president in our history, including 78 studio-distributed anti-Bush and anti-war “documentaries” (the greatest flowering of dissent in American history) and also including several feature films calling for his assassination, along with a booming hate-Bush cottage industry on colleges and in the fringe media, but never reduced himself or the presidency to attacks against anybody or against the right of dissent. He never attacked MSNBC or Air America.
Rove played favorites with news reporters and television stations and newspapers, depending on whether he liked what they were writing.
So what?
Bush didn’t allow dissenters to attend many of his rallies when he was running for re-election.
Who does? Has any president in modern times invited hecklers to campaign rallies? This does not signifiy hostility to free speech, just an appreciation a certain campaign orderliness. The fact is, every time Bush addressed the media he was facing “dissenters.” Who among them was ever singled out had their taxes audited? Who among them, like Joe the Plumber, had their personal lives laid open on the op-ed pages of major newspapers just for asking an inconvenient question?
Cheney personally attacked several of his critics.
Name them. How were they “attacked”? But if so, good for him, because most were filthy liars like Joe Wilson and deserved being called out for who they were. That’s called free speech and the marketplace of competing speech. He never tried to SHUT THEM DOWN.
Cheney would not allow access to the records of people he met with to determine his proposed Energy Policies.
Cheney was vindicated on this as appropriate under Executive Privilege (which by the way, Obama has invoked more times now in two years than Bush-Cheney did in 8). Hillary Clinton, let’s remember, was fined $200,000 by Judge Lamberth for NEVER revealing the names from her Healthcare meetings.
Again, none of this has ANYTHING to do with suppressing the right to dissent.
Some of Bush’s early records have disappeared, including some of his arrest and service records. Shall I go on?
What? Yeah, sure, go on. If they’re as lame as these, we can all share a laugh.
Oh, and I didn’t see alot of people on the right defending the comments of Rick Sanchez of CNN. He said, correctly, that Jews “control” the networks (or something very similar).
Rick Sanchez is an idiot and made defamatory statements even he admitted. If people didn’t line up to defend idiocy they can hardly be accused of suppressing the right to speech or supporting institutional barriers and arbitrary authoritarian control over speech like the bill in question does. Sanchez can go write a book.
I’ll overlook your ugly comments about the “Jews.” The antisemitism of the Left is a whole other chapter in its sick history.
I don’t pat myself on the back. But you can take your “we’re equally guilty” charge and eat it. I’m not equally guilty. I’ve gone to the streets for freedom of speech, for Michael Moore and for Pat Robertson. I understand Voltaire’s maxim that mine is tied into yours (something the Left can’t understand simply because it cannot afford to — it cannot survive true “equality”).
The Left wears the blood of millions of deaths from the suppression of freedom, the blood of millions of dissenters who challenged that suppression. It seeks the same suppression now as it has throughout history. In America, its path is legislation. The police state follows.
Your sorry examples don’t come close to addressing the larger issues raised, and the great ideological Leftist drift toward the eclipse of freedom.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
The New York Times ran a page one story today about how Silicon Valley appears to be in the midst of a new bubble, driven by the enthusiasm that venture capitalists and angels have for social networking and mobile apps businesses.
It cited the recent reports about how Twitter’s value has been pegged at $4 billion in its rumored round of investment. The story also pointed to the more than $5 billion valuation of Zynga, the creator of social games such as FarmVille on Facebook. And it pointed to Google’s willingness to pay $6 billion for Groupon, which was valued at $1.35 billion only eight months ago. Groupon evidently rejected the offer on Friday because it believes it is worth more.
Other signs, the newspaper said: A new pack of startups are coming in behind: Yammer raised $25 million; Tumblr raised $30 million; GroupMe raised $9 million; and Path raised $2.5 million. Those deals are causing some bearish investors to shake their heads.
The topic of a reinflating bubble has become a popular one at recent events such as the Web 2.0 Summit before Thanksgiving. There, John Doerr, managing director at VC firm Kleiner Perkins Caufield & Byers, said he believes we are in the midst of another tech boom driven by the vast changes in society caused by social networking and mobile technology. Bing Gordon, a partner at Kleiner Perkins, said that the firm hired Wall Street analyst Mary Meeker as part of an attempt to stay on top of the coming internet boom.
Fred Wilson, who was quoted in the New York Times story, wants to throw cold water on the froth. A partner at Union Square Ventures, Wilson had the foresight to invest in Twitter when Kleiner Perkins made the mistake of failing to do so (forcing Kleiner to try to invest now at a much higher valuation). He said in a debate with Doerr at the Web 2.0 Summit that we’re in the midst of a bubble. Angel investor Chris Sacca was also quoted in the Times as saying he has put a freeze on investments until startup valuations come down.
But the paper notes this is not a stock market bubble, since none of the companies mentioned have gone public. They’re raising big rounds from venture capitalists. Then they raise even larger secondary rounds from big private equity investors such as DST. Those investments allow them to keep growing their businesses without going public. And the outcome for many of these companies is to be acquired by the likes of Cisco, Intel, Microsoft, Google, or Apple. Those companies are sitting on mountains of cash. If the stock market crashes, those acquirers will be hurt as will the valuations of startups, but the acquisitions will probably continue.
Another difference is that in the age of Web 2.0, web-based companies are able to amass audiences very quickly — Zynga has more than 215 million monthly active users for its games even though it is just shy of four years old — and become profitable early on. By contrast, startups such as Pets.com in the frothy days of the dotcom bubble had no chance of making money. Angel investors are feeling the heat because they are getting priced out of a lot of early-stage deals as venture capitalists try harder to find “the next Facebook” earlier.
Which side of the fence are you on? The bears may eventually be right. But they may also miss out on a lot of money-making in the meantime if they sit on the sidelines of this latest gold rush. Please take our poll and comment on why you voted the way you did.
Next Story: WikiLeaks documents lay bare vast hacking attempts by Chinese leaders Previous Story: Week in review: Amazon takes down Wikileaks
Jimbo3 on November 19, 2010 at 1:26 PM
Let’s address your feeble strands.
Secondly, let’s remember the macro issues of ideology and of who values free speech and who vitiates it. The history of the Left is one of hostility to dissent. This is evident through every leftist movement, is plainly observable to any person with an able political consciousness walking the earth, and has been manifested in every Leftist regime in history through their inevitable criminalizations of dissent, from post-Revolution France to Soviet Russia to communist China to Cuba to Venezuela. Do you plan on contesting this?
Rove and Bush/Cheney essentially said that anyone in the US that didn’t support the war with Iraq was unpatriotic and a dangerous fool.
False. Here is what Cheney said:
“The suggestions that’s been made by some U.S. Senators that the President of the United States or any member of this administration purposely misled the American people on pre-war intelligence is one of the most dishonest and reprehensible charges ever aired in this city.”
Here is what Bush said:
“It’s irresponsible to use politics. This is serious business making, winning this war, but it’s irresponsible to do what they’ve done.”
But what were “they” doing? They were alleging calculated lies to engage a war — to put US soldiers at risk for political purposes.
Why isn’t it within the president’s rights when accused of lying (directly accused by Howard Dean and Al Gore) to defend himself and his administration from lying? That’s also part of free speech.
He did not attempt to delegimitize the dissenters, but to counter the charges they made.
And even though he said this ONCE, even though he never accused critics of being unpatriotic, he took pains after his deliberately misinterpreted comments to qualify every speech on the war, and every point of exception to the criticism he received, to reaffirm the right of dissent. This rhetorical reaffirmation became a mantra by Bush for the rest of his presidency. Because he believed it. It is not something I’ve ever heard from Barack Obama. I have never heard him make a point to accept the legitimacy of dissent. Because he doesn’t. He doesn’t respect it or appreciate it as fundamental to freedom. He never has.
Furthermore, Bush consistently demonstrated decency in discourse and respect for his opponents, e.g., lavishing praise on Nancy Pelosi when she became House speaker, and refraining during his entire administration of singling out or even making an issue of his numberless slanderers. Bush served eight years under the most withering siege of personal attacks directed at any president in our history, including 78 studio-distributed anti-Bush and anti-war “documentaries” (the greatest flowering of dissent in American history) and also including several feature films calling for his assassination, along with a booming hate-Bush cottage industry on colleges and in the fringe media, but never reduced himself or the presidency to attacks against anybody or against the right of dissent. He never attacked MSNBC or Air America.
Rove played favorites with news reporters and television stations and newspapers, depending on whether he liked what they were writing.
So what?
Bush didn’t allow dissenters to attend many of his rallies when he was running for re-election.
Who does? Has any president in modern times invited hecklers to campaign rallies? This does not signifiy hostility to free speech, just an appreciation a certain campaign orderliness. The fact is, every time Bush addressed the media he was facing “dissenters.” Who among them was ever singled out had their taxes audited? Who among them, like Joe the Plumber, had their personal lives laid open on the op-ed pages of major newspapers just for asking an inconvenient question?
Cheney personally attacked several of his critics.
Name them. How were they “attacked”? But if so, good for him, because most were filthy liars like Joe Wilson and deserved being called out for who they were. That’s called free speech and the marketplace of competing speech. He never tried to SHUT THEM DOWN.
Cheney would not allow access to the records of people he met with to determine his proposed Energy Policies.
Cheney was vindicated on this as appropriate under Executive Privilege (which by the way, Obama has invoked more times now in two years than Bush-Cheney did in 8). Hillary Clinton, let’s remember, was fined $200,000 by Judge Lamberth for NEVER revealing the names from her Healthcare meetings.
Again, none of this has ANYTHING to do with suppressing the right to dissent.
Some of Bush’s early records have disappeared, including some of his arrest and service records. Shall I go on?
What? Yeah, sure, go on. If they’re as lame as these, we can all share a laugh.
Oh, and I didn’t see alot of people on the right defending the comments of Rick Sanchez of CNN. He said, correctly, that Jews “control” the networks (or something very similar).
Rick Sanchez is an idiot and made defamatory statements even he admitted. If people didn’t line up to defend idiocy they can hardly be accused of suppressing the right to speech or supporting institutional barriers and arbitrary authoritarian control over speech like the bill in question does. Sanchez can go write a book.
I’ll overlook your ugly comments about the “Jews.” The antisemitism of the Left is a whole other chapter in its sick history.
I don’t pat myself on the back. But you can take your “we’re equally guilty” charge and eat it. I’m not equally guilty. I’ve gone to the streets for freedom of speech, for Michael Moore and for Pat Robertson. I understand Voltaire’s maxim that mine is tied into yours (something the Left can’t understand simply because it cannot afford to — it cannot survive true “equality”).
The Left wears the blood of millions of deaths from the suppression of freedom, the blood of millions of dissenters who challenged that suppression. It seeks the same suppression now as it has throughout history. In America, its path is legislation. The police state follows.
Your sorry examples don’t come close to addressing the larger issues raised, and the great ideological Leftist drift toward the eclipse of freedom.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
bench craft company rip off
Lujiazui Breakfast: <b>News</b> & Views About China Stocks (Dec. 6 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: With expectations about inflation and monetary policy becoming clearer, investors are taking cues from overseas ...
Apple now selling iPad Gift Card packages | iLounge <b>News</b>
iLounge news discussing the Apple now selling iPad Gift Card packages. Find more Apple news from leading independent iPod, iPhone, and iPad site.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
No comments:
Post a Comment