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Is This a Bubble Yet, a Web 2.0 Panel Discussion (by Jeremy Zawodny)
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"Is This a Bubble Yet, a Web 2.0 Panel Discussion
Some random bits scribbled by Jeremy Zawodny
On the panel are Lanny Baker, William H. Janeway, Safa Rashtchy, Danny Rimer. John Battelle is moderating.
Q: Did the Google IPO get you guys excited?
A: It was remarkable to see the execution. It impacted the valuation and was a good opportunity for investors. Big investors wanted to know more about then auction model than the business model. Then they started asking about the lock-ups rather than the business numbers. The panel thinks the current valuation is reasonable and will increase nicely over time.
Q: Did this open the VC/IPO flood gates?
A: Google didn't need the money. The created money for their stakeholders. The next company that comes along with that kind of cash flow won't have a problem. This is not a bubble. Companies are making money, not going IPO on hopes and dreams without a business. We're not anywhere near a bubble. It all comes down to having a good business. And we're still in th"
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