In Silicon Valley, Partying Like It’s 1999 Once More

These are fabulous times in Silicon Valley. Mere youths, who in another era would just be graduating from college or perhaps wondering what to make of their lives, are turning down deals that would make them and their great-grandchildren wealthy beyond imagining. They are confident that even better deals await. In Silicon Valley, it may not be 1999 yet, but that fateful year -- a moment when no one thought there was any risk to the wildest idea -- can be seen on the horizon, drifting closer. No one here would really mind another 1999, of course. As a legendary Silicon Valley bumper sticker has it, “Please God, just one more bubble.” But booms are inevitably followed by busts.