Even mentioning his company in the same breath as Uber, Twitter and Facebook shows how out of touch he is IMO. Broadcast.com was hardly a business! Those companies have BILLIONS of dollars of real revenue.
> In a bubble there is always someone with a “great” idea pitching an investor the dream of a billion dollar payout with a comparison to an existing success story. In the tech bubble it was Broadcast.com, AOL, Netscape, etc. Today its, Uber, Twitter, Facebook, etc.
In context, what he's saying makes a lot of sense.
And WhatsApp was all set to be the primary social network for a billion people, not yet another video site.
I respect your point, but I don't think I left anything meaningful from my quote.
I"m comfortable calling that a Bubble.
"It was 9 years ago we went public with what was then the biggest first day jump in stock price in IPO history"
Relatively speaking for though AOL and Netscape at the time where not a bad analogy