Internet Bubble: Is it Happening Again? Look Familiar

Is anyone else having deja’vu with all the recent companies getting money for ideas that have been done before and failed. Additionally when I look at the companies raising 7.5 million dollars for simple/done ideas with no business model.

Here’s one recent example: Eventful Secures 7.5 million—hmmmm, where is the business model—where is the money going to come from to pay back the investors—can we say ‘buyout’. One other thing of interest—the company was started by an eBay exec—and investors include high profile Internet people—interesting, I guess it does come back to who you know—not what you know—cause this idea is one of those ‘stupid’ ones that has been done before. This is not innovative or new—amazing—truly amazing.