[Evan]

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evan,

i have no certain knowledgeof what is good/bad in terms of VC/PE firms investing. just the ones i've seen (the ones you mentioned, facebook/myspace) aren't like the 1998 events.

that was the point i was refuting.

i think we'll have the 'headed toward the bubble' route cut off as liquidity becomes less readily available. it is certainly possible that we are headed towards some market correction, but bubble i dont think so.

we just happen to have a ton of money available and are stretching for places to put it. as global real yields rise, they'rell be less money and those marginable valuations will be the ones that are first ditched.

Barron

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Myspace and Facebook are a pretty select group of private companies. Another big name private company, Amp'd Mobile, recently filed for Chapter 11 after having raise $360 million. Obviously this is all a matter of personal knowledge/preference, but read Venture Beat for a few days and I'm sure you'll find more than a couple stories that makes you scratch your head.

Edit: and again, I'm not saying Facebook and Myspace are "peack of the bubble" type" companies. That's the whole point. I'm saying this might be the VERY VERY early stages of something similar to that.