Tuesday, August 15, 2006

Launch Parties = Bubble

The Fake Steve Jobs has the best commentary yet on the Web 2.0 bubble.

I mean, I'm not 100% sure, but when a) you've got companies with names like "Yelp"; and b) they're having parties at SFMOMA; and c) this man wearing a bra is one of the guests of honor; and d) your PR bimbos are acting like drunken LUGs at a Girls Gone Wild party, and e) it's all being paid for by venture capitalists who are just betting that a bigger fool (cough, Rupert Murdoch, cough) will come along ... well, yeah, you might start thinking that maybe you're in the middle of a bubble type period.

Now I've actually talked with Jeremy at Yelp, and I think he's a sharp guy with a great product, but damn, I just never feel good when spending money on parties becomes part of the businessplan.

As Fred Wilson might say, I've seen this movie before.


MJ said...

Hadn't seen Yelp before. Looks like epinions meets myspace. I hope they're considering all term sheets, because my guess is the clock is ticking...

Zoli Erdos said...

Hm, talk about parties... wanna enter your guess here?