Dvorak's a Boob, but there may be a pop... (Score 1)

albeit a small one. It is clear that VCs are funding a lot of copycat companies that probably will never be really successful. That being said, the notion that this will be anything like to dot.com bubble is nonsense. Then there was a lot of money chasing companies that had no revenue and no sustainable business model. Internet advertising was a novelty and the watchword was eyeballs regardless of revenue. Now people care about eyeballs only insomuch as they generate actual revenue through a solid advertising based business model (thanks to Google). Therefore, the ad dollars will not dry up, and most of the companies started will survive. Also, the valuations, while too high, are not insane like before. MySpace, for example, is worth far more now than at purchase; Google's IPO price was one of the bargains of the century, etc., which is unlike the crash and burn experienced shortly after most IPOs in the last cycle. But certainly there will be a winnowing out, as there should be.