The following encapsulates the current bubble-state and times perfectly, in startup investment (my emphasis):
After a year of mostly veiled references and speculation fueled by the involvement of [Media A-lister] as an adviser and [Craigslist owner] as an investor, [news-aggregating startup] is about to see the light of day -- funded by roughly twice as many investors as it has employees.
"The core focus moving forward is to be part of the process of RSS [really simple syndication] going mainstream in the coming years," said [venture capital partner]. "One of the areas that has been untapped is the job of the citizen to be not just a journalist but also an editor. We want to ensure that those who want to tell a narrative have the best sources to do that."
"Job"? Be wary, citizen-lunchmeats. The Bubble 2.0 social structure resembles less any sort of democracy, and more the third-world countries where there is a minuscule elite at the top, and then the rest of the population on the bottom.By Seth Finkelstein | posted in cyberblather | on November 03, 2006 01:52 PM (Infothought permalink)