#Angelgate is still bubbling like crazy (image), but today’s news tells us why there’s not a second Internet bubble, even as our industry’s financiers tire of sky-high startup valuations with limited exit potential. To the links:
Why No Second Internet Bubble? (TR) Short answer: Because the Internet took over the economy and, well, the economy sucks.
Fire in The Valley, Fire in My Belly… and Yes, Mike, I Have Stopped Beating My Wife. (Dave McClure) ….In which one of the “super angels” responds, with more cuss words than Carol Bartz ever used in one interview.
PE Firm Buys Internet Brands For $640 Million (paidcontent) Things are heating up in medialand again. Just what I like to see.
Mark Zuckerberg Donates $100 Million to Newark Public Schools (Mashable) I’d say this was quite calculated, given the timing, but I can’t say that with any authority. It’s extraordinary regardless. I just hope there are some guidelines to how those folks in Jersey spend the money.
Article: Strong Growth for Local Online Advertising (eMarketer) Local is going to be huge. Until then, it won’t be.
Introducing Currency (FM Blog) The official announcement from FM.
Twitter is releasing a real time analytics solution in Q4 (WebTrends) This is very good news, not unexpected, but key to the platform’s move toward a marketing and media company posture.
(VIDEO) Colbert Grills Eric Schmidt On Privacy, ‘Don’t Be Evil’ Motto (HuffPo) More fun than informative.