It's the Financial Times' turn to run another Bubble Watch piece ("the trend story that never was"). Two writers and a third doing "additional reporting" fail to turn up little insight, even with the willing, quotable help of super-VC Steve Jurvetson.
The usual talking points:
- It's not a bubble, it's a boom.
- No one's going public. Everybody flips (—which would make a good Mr. Rogers book. "Everybody Flips").
- Every day, in every way, we're getting better and better.
New, hard-to-swallow talking points:
- The founder of an old teen social site (Bolt.com) knows something about a successful start-up.