That all said, I seriously doubt we will have a massive bust like the dot-com bubble caused. I think we will see some shorter waves/cycles of inflation/deflation – more like a balloon than a bubble. While there seems like there’s a lot of mania (and there is), there’s a huge difference in the amount of funding and spending going on.

While companies are still chasing the wrong metrics in my opinion (e.g. traffic instead of profitability), they are much more sober about their spending and are less focused on ridiculous goals like say, headcount.

The only part that really gets my goat is the quantity of 20-somethings who are running around the Valley either starting or working for these companies. Look around at people who were “Web producers” or “business development associates” back during the dot-com era, you’ll see they aren’t exactly on some wonderful career track. Seeing a lot of the same now, people who are “kinda” working hard, but not learning any really useful, attributable skills that will apply to future businesses.

end of rant.