November 06, 2006

Bubble 2.0 - Houston, err, Silicon Valley, We Have Inflation (of Search/Aggregation/RSS)

They said it, not me:
Powerset gets $12.5M at whopper valuation, to go after search holy grail

The company is controversial because it claims it can do "natural language" search, the holy grail of search that most experts have dismissed as impossible. ...

Significantly, the company also raised its venture capital at a sky-high valuation - even higher than VentureBeat originally reported a few weeks ago when we first broke the Powerset story.

Value-add: See one of those expert's dismissal, Danny Sullivan's article "Hello Natural Language Search, My Old Over-Hyped Search Friend"

Also Topix.Net, a news aggregation site, gets $15 million

And as a confirmatory Sign Of The Bubble more money in play from the Harvard venture capital fund.

But I still don't see anything for non-A-listers or the unconnected :-(.

By Seth Finkelstein | posted in bubble | on November 06, 2006 04:02 PM (Infothought permalink)
Seth Finkelstein's Infothought blog (Wikipedia, Google, censorware, and an inside view of net-politics) - Syndicate site (subscribe, RSS)

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"But I still don't see anything for non-A-listers or the unconnected"

The unconnected never get anything, Seth. Offline or on. That's why they're called "unconnected".

Posted by: hugh macleod at November 19, 2006 06:58 PM