Okay, now it’s a bubble
Wednesday, July 11th, 2007I’ve been ignoring all the claims that we are in another bubble, because up until now they’ve all been based on behaviors in Silicon Valley. Sure valuations are getting crazy again, and the West Coast VCs are chasing every fad with buckets of money, but then the Valley has always been a little nutty. As someone who made the angel and VC rounds this past winter, I can assure you that investors in Boston are still solidly in the dot-bomb mentality. When we were written up by Mass High Tech magazine a few months ago, their lead was the shocking idea that we had started a business and raised funding without a clear revenue model.
But now the first clear sign that Web 2.0 mania has finally made it all the way back East has appeared in the Boston Globe. Natalie Jacobson, one of Boston’s longest running TV anchors has announced that she is retiring to “launch a multimedia venture for baby boomers to help them deal with life after retirement.” That may sound a little vague, but then the business section of the Globe hasn’t caught on to trendy buzzwords like social networking. Established journalists moving to the Web was one of the big trends to hit our region at the height of the Dotcom, so I’m declaring July, 2007 as the month the Web 2.0 bubble finally started inflating here as well.