A new net boom?
Are we in a new dot com boom? Is this irrational exuberance2.0? Channel 4 tried to answer that in a report filmed at an event in London jointly organized by (I think) Robert Loch of Internet Peeps and Second Chance Tuesdays On the next Pods and Blogs we'll feature an interview from the event with Richard Moross founder of Moo..
Blog reaction to the report seems to be mixed.. It's easy to say that this is a new internet bubble, but the dynamics of this market seem to me to be very different from the late 1990's. Having produced radio in the US during the first web boom, when every investment analyst under the sun was advising people to pile into the market, this boom feels different. It's not powered by individual investors (in the main) and if it goes wrong, in large part it will be the institutions and VC's who bear the brunt. There's not the same momentum trading that we saw as individuals brought stocks purely on the basis that they were going up without understanding the businesses behind them.
As for the events themselves, it's great to see capital and innovation coming together - too often in our industrial history that hasn't happened. There's a bit of glitz and glamour true, but a bottle of champagne does not a bubble make...if that isn't a bit Yogi Berra2.0
PS If you look very carefully you can see the glamorous half of the Flashing12 podcast in the film. I won't tell you which half that is :)