He's wrong. I was in the middle of the first Bubble, and I don't think things are nearly as bad now.
Lots of lame startups are getting funded, but for far less money apiece. And it is the scale of investment that defines a bubble, not the number of companies.
I meant to post this as a good thing for web 2.0, but for some reason my comments never showed with the original post. If Dvorak is calling it a bubble it might be a good thing... considering his record.
Lots of lame startups are getting funded, but for far less money apiece. And it is the scale of investment that defines a bubble, not the number of companies.