Boom times for tech are here again!

Boom times for tech are here again! Serial entrepreneur Seth Goldstein's spidey sense is tingling. Recalling the heady Monday back in January, 2000 when new media announced it was going to be bigger than old media (AOL buying Time Warner), Goldstein has a thoughtful, if not bullish post (via peHUB), about the signs that boom times are here again: Amazon's earnings, rumors of Yahoo and Microsoft acquiring Foursquare, BusinessWeek's piece on Zynga continuing to rake in millions from a virtual farm game, the New Yorker on the iPad and the Kindle , New York mag's cover story Life is Tweet, and Facebook's huge Open Graph news. "It feels like something big is about to pop," says Goldstein. "The wheels of capitalism are back in motion and liquidity is flowing from the top to the bottom of the cap structure. . . Web 1.0 bankers are reuniting to capitalize on the coming Web 2.0 IPO liquidity, and startups with big ideas, hockey stick user growth, but relatively little revenue, are commanding eight figure Series A valuations."

Boom times for tech are here again! Serial entrepreneur Seth Goldstein’s spidey sense is tingling. Recalling the heady Monday back in January, 2000 when new media announced it was going to be bigger than old media (AOL buying Time Warner), Goldstein has a thoughtful, if not bullish post (via peHUB), about the signs that boom times are here again: Amazon’s earnings, rumors of Yahoo and Microsoft acquiring Foursquare, BusinessWeek’s piece on Zynga continuing to rake in millions from a virtual farm game, the New Yorker on the iPad and the Kindle , New York mag’s cover story Life is Tweet, and Facebook’s huge Open Graph news. “It feels like something big is about to pop,” says Goldstein. “The wheels of capitalism are back in motion and liquidity is flowing from the top to the bottom of the cap structure. . . Web 1.0 bankers are reuniting to capitalize on the coming Web 2.0 IPO liquidity, and startups with big ideas, hockey stick user growth, but relatively little revenue, are commanding eight figure Series A valuations.”

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Chris Wareham