The funny thing about being new to the tech game after being involved in the legal field for over 20 years, is I have no idea what it felt like when the Internet bubble burst in the 90’s.  I am sure it could not have been a very fun time for people and I pray that it never happens again especially to me.  SFGate.com has posted the Top 10 Lies of Web 2.0 .  I chuckled until my sides hurt then I realized after I had just been to the Blog Business Summit 2006, that I had actually heard a few of these statements. History does have a way of repeating itself. 

The irony does not end there, because I was thinking about Blog Bubble or a bubble burst earlier when I read about Niiklas Zennström and Skypecasts coming soon.  If you read between the lines of that CNet article you can see the idea that perhaps Skype was riding the wave and bailed a little early not wanting to get in another bubble burst when they reference their $60M price tag and YouTube’s $1.65B price tag. 

6. The analysts are trustworthy now. Like the one who said MySpace will be worth $15 billion in a few years — or was that the one who said Amazon was worth $400 a share? Whoops, I’m mixing my bubbles.

Did they sale too early?  I am not sure, but I can assure you that I would rather have the B than the M after the dollar signs.  Of course, time will only tell, but Dan Fost’s words will echo in my mind as my head hits the pillow this evening.

Tags: SFGate.com, Blog Bubble, Web Bubble, Web 2.0, BBS, Blog Business Summit, Niiklas Zennstrom, Skype, Dan Fost, CNet

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