I notice that the only use of "bubble" in the OP is when talking about the late 90s. Surely we want to move away from cash in while to goings good mentality the OP is promoting to something more sustainable. Otherwise we're going to see a further degradation of web technology as a good place to invest. I don't know if there is a bubble or not, but the language in the OP screams it.
This all assumes investors are capable of weighing up the relative merits of various investments and aren't blinded by big exits like that of Instagram. And the evidence continues to point to them being blinded by dollar signs . . .
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I notice that the only use of "bubble" in the OP is when talking about the late 90s. Surely we want to move away from cash in while to goings good mentality the OP is promoting to something more sustainable. Otherwise we're going to see a further degradation of web technology as a good place to invest. I don't know if there is a bubble or not, but the language in the OP screams it.
This all assumes investors are capable of weighing up the relative merits of various investments and aren't blinded by big exits like that of Instagram. And the evidence continues to point to them being blinded by dollar signs . . .