Got your slick powerpoint presentation ready? Did you give your business plan an extra boost? Already have a few visitors on your start-up in stealth mode? Got your blue shirt and kaki pants back from the laundry service? Memorized your elevator pitch? Made yourself familiar with Valley slang? Came up with a cool logo and an even more cool name for your company? (fruggle is already taken)
Our time has finally come, the moment every start-up entrepreneur has been waiting for, better than having Christmas and Thanksgiving in one day: Bubble 2.0 is coming! So exit stealth mode and make sure your on Techcrunch, e27 or Dailysocial, certified altars for any tech investor. VC’s armed with big fat check books are already fighting to get a piece of just about any pie, even when it’s plain old fashioned apple pie. Don’t worry if your business is still 1.0, just ad some Web 2.0 visual effects, connect with Facebook and Twitter, say it’s all in the cloud and you’re all set.
Yeah, I know, the experts are still arguing over whether Internet bubble 2.0 is going to come but believe me, you better make sure you’re ready for it and won’t be like the weatherman.
I’m not saying that because Facebook’s valuation is rising faster than you can say bubble nor that Twitter doesn’t need a business model to be worth $4 billion. Nope, it isn’t because Yammer easily raised $ 25mln, Groupon refused an offer of over $ 5bln from Google or because the New York Times is saying it. No sir, bubbles are inevitable in bull markets especially when the cause is social media taking over the world, the rise of the promised one called Web 2.0. It’s part of human nature, it’s what caused the credit crisis, the oil and gold bubbles and of course the Web 1.0 bubble. Sure, we’ve learned from the Web 1.0 bubble so this next bubble needed another giants like Facebook and Twitter to get the juices flowing again but in the end it’s human nature causing it. Check this visual that explains the psychology behind a bubble it better than a thousands words.
As you can see it’s enthusiasm followed by greed and delusion and in the and followed by fear, capitulation and despair. There’s gonna be a lot of households on water and bread after this one but hey, it’s all in the game and all the better for all those hard working start-up entrepreneurs.
So, fitting the occasion I suggest to pop some bubbles (omg, a sheer genius play with words). Fitting your new status you need to find some water transportation, we suggest to start looking here. In the meanwhile I already found myself a proper house in the Valley and ordered some new rides for my friends (the right color guys?), that’s how we rolllll.
Yeah fellow start-up entrepreneurs, the time has finally come! Life’s gonna be good! Hail to the Web 2.0 bubble!