The dotcom bubble that caused so much anguish in the IT industry may be back.
Digg.com, “Its been a fast paced week. On Monday morning I had 3 separate VC
’s contact me and pitch me their firms/banks before it was even lunch time! I was also contacted by 7 or 8 new adnetworks in the past 2 weeks not even out of beta!”
A dotcom bubble seems to have all the marking of a gold rush. You have all types of people getting into the IT business that know very little about IT. You have so many people going over the same ground and pitching about the same product. This all seems to be happening with the new internet of Web 2.0 applications and social networks. I just hope this is a real gold rush this time and not just another dotcom bubble.