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This bubble is very close to bursting.

I'm sorry but the bubble banter seems to have gotten a little out of hand. Yes, there seems to be a rise in startups receiving high profile investments. Yes, the flow of acquisitions has increased lately. But this talk of a bubble seems little more than fear mongering to me. Concentrate on the things that truly matter and if there's a bubble, you'll likely weather it in one piece.

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There are way too many content sharing apps out there attracting attention right now, even though Stumbleupon or Facebook or even Twitter can just overtake the entire market overnight. That to me, along with the overvaluation and lack of revenue models, tells me this is a bubble, and it will not end well.

To raise that big of a round from Sequoia AND Horowitz, Bump must have clearly shown them their numbers. Sharing alone is not the single most valuable part of Bump. Bump could very easily replace the paper anything for a lot of stuff - event tickets, p2p payments, etc.

The use cases can go on and on. From what I'm guessing based on their trajectory, I wouldn't be surprised if Bump used iOS's safari browser's accelerometer to implement in-browser Bumping. Go figure!

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