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July 16, 2006

The Online Video Frenzy Thing

There is an irritatingly careful article in today's L.A. Times that tries to make the case there is a mini-bubble (or over-enthusiasm, or heightened frenzy, or something) in the venture funding of social network and online video companies.

You think? Yeesh, of course there is a bubble/frenzy/etc.

As I have said here many times, the venture business is a bubble business, and expecting sober behavior from venture investors in an IPO-less market when they see the private market value accorded a MySpace and/or a YouTube shows dizzying ignorance -- whether feigned or real -- about the economics of the venture business.

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