One of Silicon Valley's esteemed scribes and historians observes that most of the Bubble talk is emerging on the East Coast, and that those in the Valley point out that the ebb and flow of capital, even at the extreme margins, is just business as usual.
What's a couple of billion dollars among friends?
Quoting Netscape, Loudcloud, and Ning founder Marc Andreesen: "The whole structure of how the technology industry gets funded—by venture capitalists, angel investors, and Wall Street—is predicated on the baseball model. Out of ten swings at the bat, you get maybe seven strikeouts, two base hits, and, if you are lucky, one home run. The base hits and the home runs pay for all the strikeouts."
It's a Red Sox VC nation, bay-bay! Roll those dice and swing that bat, and maybe you, too, can become the next Facebookian monarch in the Valley!
Pre-dated stock options all around!
Forget that 757, let's get our own personal Space Shuttle and put in a zero G hot tub! I hear it's going out of service!
And let's roof test the new carbon-friendly Tesla and see if the batteries can hold their charge after being dropped from the top of Letterman's studio!
Meanwhile, mi amigo Steve Rubel piles on and posts that the Web community is "skunk drunk" on its own Kool-Aid and that we all need to enter Betty Ford Clinic 2.0.
Dood, if I'm willing to admit I have a Web 2.0 problem, will I see Britney 4.0 or Lindsey 5.0 while at Betty Ford??
Because if there is a bubble in the Kool-Aid, I just want to make sure I get to pick the flavor du jour before it bursts and I get decarbonated Veuve Clicquot all over my face.
'Course, while the Silicon Valley Web Booster Clubs sits out a round in the Great Hyperbole and Ajax Greed Penalty Box in the sky, the writers in Hollywood are sharpening their picket line axes and preparing for their digital royalties offensive.
Screenwriters, sharpen your macros! (You know, those people who were there when the Google Doc entry was blank?)
And talking about great stories, also on the Digitollywood front this from Tom Krazit with CNET: He reports that NBC's Jeff Zucker asked Steve Jobs for a cut of iPod revenue as part of their failed negotations for a contract extension to sell NBC shows on iTunes.
His justification: Apple made lots o' money on the back of NBC content.
Excuse me for one second while I choke.
Long pregnant pause...Turbo chokes quietly in the background. Abby Lockhart from E.R. arrives to help Turbo unchoke, but because there's no script writer she can't come up with any words to ask him what's wrong...Turbo is hence forced to perform the Heimlich maneuver on himself.
Okay, I'm much better now.
Perhaps I'm way off here, but isn't that kind of like Exxon charging Ford for putting Exxon-produced gas in its cars? Great mileage if you can get it...Vroom, vroom, vroom....putt putt putt.
So if the Bubble is about to burst and there's about to be a small army of displaced, hypercaffeinated Ruby programmers descending on Haight-Ashbury java joints, and if Hollywood writers are about to strike and there's no made up stories to be told, methinks it could be a most opportune time to start pitching new Web-based reality shows!
Here's the coverage:
A team of 5 Sand Hill Road VCs and 5 major network media executives are parachute dropped into the Australian outback.
On their person, they have only the clothes on their backs (Advantage: Sand Hill Road), their AA Executive Platinum cards (Advantage: NY Media Execs), their American Express Black Cards (Advantage: That one's a wash), and their iPhones (Advantage: Sand Hill due to non-bricking)
The first team who can find a working cell signal in the outback and who can convince Sergey and Larrys' lawyers to come to an agreement for intellectual property protection of Digitollywood-produced videos on YouTube and who can also get them to agree to fly over and pick them up in the refurbished Boeing wins.
The Losers have to work in the mail room of the winner's New Digital Co. for 5 years sans contract and no car service privileges.
But please, no champagne. We wouldn't want anything to spoil the taste of that most excellent Cherry Kool-Aid.[Read More]