Silicon Valley Start-Ups Awash in Dollars, Again

SILICON VALLEY START-UPS AWASH IN DOLLARS, AGAIN
[SOURCE: New York Times, AUTHOR: Brad Stone & Matt Richtel]
Internet companies with funny names, little revenue and few customers are commanding high prices. And investors, having seemingly forgotten the pain of the first dot-com bust, are displaying symptoms of the disorder known as irrational exuberance. More broadly, Internet start-ups are drawing investment based on their ability to build an audience, not bring in revenue — the very alchemy that many say led to the inflation and bursting of the dot-com bubble. The surge in the perceived value of some start-ups has even surprised some entrepreneurs who are benefiting from it.
http://www.nytimes.com/2007/10/17/business/media/17bubble.html?ref=today...
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