(2010-11-12) New Dotcom Bubble

Are we facing a new DotCom bubble?

Google been paying lots of money out for staff, esp to prevent losses to FaceBook.

• hmm, I don't think of Engineer-s as leaving for a 15% raise. Is the real issue that they don't feel like Google is that cool anymore?

Andy Swan thinks (from August) that there's an oversupply in Mobile apps (and WebApp-s), leading to pricing pressure.

Fred Wilson sees crazy investor competition going on. If it were just valuations rising quickly, I'd be a bit less concerned. But we are also seeing large deals ($5mm to $15mm) getting done in a few days with little or no due diligence. Investors are showing up at the first meeting with term sheets. I have never seen phases like this end nicely.