Has Silicon Valley Jumped the Shark Again?

“Times are good, money is flowing, and Silicon Valley sucks.” So says Mike Arrington at TechCrunch, and I think he’s latching onto something that has been building for awhile: Despite constant protestations that “this time is different,” there’s an unmistakable air of bubbliness right now. This time, the source is not so much a plethora of IPOs, but massive buyouts, from Google’s $3.1 billion purchase of DoubleClick to Microsoft’s $6 billion acquisition of aQuantive. (I know, neither Doubleclick nor aQuantive are Valley companies, but they’re valuable because of the massive new ad market created by Valley Internet companies, whose coattails innumerable startups are all trying to ride.)

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