at least that’s my prediction. in the past week i’ve been pitched on three more social networking ideas. while i like and respect the people, i got a queezy (sp?) feeling hearing the ideas. painful reminders of march 2000 when the last people to show up were still pitching ecommerce it ideas.
now i’m sick of the ‘is this the bubble talk’, but we do all need to remain somewhat conscious of the environment we’re working in.
also heard today about a web 2.0 mashup company getting $5m in first round funding.
does anyone else ever wonder how all these newly funded companies are ever going to see exits without an ipo market? i do get that if they are good businesses and cashflow positive, the financial markets will follow. however, i’m not seeing a lot of companies hitting big numbers. even in the bubble it seemed like companies were mostly doing big revenue numbers.
curious if anyone else is seeing a lot of companies making money?