If you think we're experiencing another technology bubble, I have some news for you: we're not even close. How do I know? Well, I'm no economist, but I know because I was there during the first bubble. I worked at a quintessential .com startup in Dullas, Virginia between 1998 and 2002 while my wife was working at AOL, and believe me when I tell you that there's no comparison between then and now. While my wife enjoyed all the benefits of working for a big company flush with cash and desperately trying to hold on to employees, I spent my days, nights, and weekends in a little office park wearing Birkenstocks, playing foosball and Quake 3, drinking free Mountain Dew, engaging in Nerf warfare, and working superhuman hours with people's dogs wandering around the office. In fact, I'm sitting in an Aeron chair right now that used to belong one of the founders who was removed by the board in classic startup.com style. So like I said, I'm no economist, but I know.
Here are all the most common pro-bubble 2.0 arguments I hear:
