Tuesday, December 28, 2010

"Groupon looking to raise the largest round of equity financing since Pixar"

I feel like there is an internet company bubble again. That would be consistent with investors not having learned a thing from the 2000 and 2008 crashes.

It's one thing for a company with strong network effects - like Facebook - to command a huge valuation. But all these "me too" companies with lots of competition and little profit? Bubblish.

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