I don’t often agree with Bob Garfield, but his “Garfield at Large” post yesterday… “It’s all Geek to Me.” Really rang my bell. It was a reinforcement of what I have been shooting my mouth off about for some time now… We are rapidly approaching Dot-Com Implosion dejavue. Just sixteen short years ago the Adverati were jumping on the “fuck the revenue, let’s build the customer base first, ‘cos it’ll all work out in the future, bandwagon.” As we now know… It didn’t. When the Webvan, Pets.com, etc, etc, dust settled, out of the thousands of heavily financed companies that hit the dust, only eBay and Amazon were left… And as Bob says… It’s all happening again with the mind bending valuations of shit that will never make a fucking penny. Why do we never learn? ‘Cos we are fucktards, stupid!
Home at last!!!