Alexandria Project, Chap. 5: So how do ya like them iBalls?
Excerpt: Frank snorted with derision. iBalls! What a lame concept! He thought he’d seen everything during the madness of the Internet bubble years – companies formed to sell dogfood over the Internet; year-old startups spending millions on 30 second Super Bowl ads; companies going public without a dollar in sales. After the bust, he had assumed it would be decades before high tech saw that type of insanity again. But no - things seemed to be heating up once more, and maybe worse. Now that Twitter had re-legitimated the no-revenue business model, the venture capitalists were charging back in, hoping to raise mega-funds once again that were far too big. Too big, that is, unless they started firehosing money down the maws of companies with nonsensical business plans, just like before. |
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