Quote:
Originally posted by EscortBiz
it = private investors (joe schmoes) investing in PPM's
it = VC's falling in love with BS ideas and throwing cash on it
Seems people cant just keep cash in the bank and are desperate to become the next bill gates
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it's not nearly as insane as it was in 1999 though. yeah, friendster got a hot beef injection of VC dough, but that was just to boost up the valuation to get more money from a potential acquisition. now we see 50,000 friendster clones. they should have sold to google when they had the chance.
i think the next wave of major stocks/companies will be the AdSense clones. however, there's still a lot of anti-fraud work to be done here.