> And for the VCs it has often worked out. If you're fast enough to get something IPOed before the bubble pops, who cares if there's a real business model?

It sure does give me a really good and warm fuzzy feeling about the stability of our economy to see VCs repeating the same hyped up exaggerated valuation and bubble that was already done in the 1995-2000 era "dotcom 1.0" boom and bust cycle.