John Battelle Tells the New York Times That There is No Bubble
John Battelle, the man who wrote the popular book "The Search: How Google and Its Rivals Reinvented Business and Transformed Our Culture," has a great OP-ED piece in the New York Times about how the new boom in the internet business is not a bubble.
Some of his main points are:
- The successful Internet companies of today are operating in a Web 2.0 mindset
- Technology can be scaled much easier and much more inexpensively
- Companies are able to leverage almost a decades worth of technology
- Financiers are not driving the new Internet boom, entrepreneurs and geeks are
- Vast improvements in search technology and the use of PPC ads versus banner ads
- Innovative companies are being purchased by larger companies, not going public
He makes some good points and I hope he is right, but only time will tell...
