Bubble - Long ? Short?

Marc Andreessen, the inventor of the first commercially viable Web browser and the co-creator of Netscape, finally has a blog. And he started this week with a splash: in his third post, he offered a harsh (for him) rebuttal of the spreading notion that there is a new Internet bubble forming, that Silicon Valley is overexuberant about “Web 2.0,” and that soon it will all come crashing down (blog.pmarca.com).

“If you’re going to call a bubble on the basis of lots of bad start-ups getting funded and failing,” he writes, “then you have to conclude that the industry is in a perpetual bubble, and has been for 40 years.”

For the most part, he argues, the companies that are getting the most money and attention are those that deserve it. “People laughed when Fox bought MySpace for $580 million,” he wrote, but now, given its revenue growth, “MySpace would probably be valued at between $3 billion and $5 billion.”

BTW More Bubble Stuff? Thanks to NY Times & Dan Mitchell here's some.

• markevanstech.com
• tfc.gov
• Portfolio.com
• charkinblog.macmillan.com

Well comming back to Marc, do check the 'The truth about venture capitalists' series