Doesn't this sounds like 1998 all over again? I hear all the common refrains about "this time is different! we're not in a bubble!".
Yes, this time is somewhat different (huge number of people on the net - entire generation has grown up wired, etc), but the same irrationality about first movers capturing markets and money coming later that we saw in 1998 seems to be happening again.
Yes, this time is somewhat different (huge number of people on the net - entire generation has grown up wired, etc), but the same irrationality about first movers capturing markets and money coming later that we saw in 1998 seems to be happening again.