Venture Capitalist doesn't believe we're in another Internet Bubble...

[mandy]

...but the average VC didn't realize there was a bubble last time until it burst .  I'll disagree with him, but I've been labeled a cynic before

Paul Graham believes we’re not in a bubble, that startups shouldn’t worry about their business models and the best companies are the ones with potential to kill old monopolies. Graham is a partner at Y Combinator, a Mountain View firm that invests in very early tech startups. Companies that Y Combinator has funded include the social news site Reddit, online form creation tool Wufoo (our coverage), and the online calendaring startup Kiko, whose controversial sale on eBay last month ended with a quarter million dollar winning bid. The next Y Combinator funded company to launch will be loopt, a mobile presence service also funded by Sequoia. Y Combinator’s site says, “We’re the right choice for a group of two or three young hackers who have an idea, and want some money and advice to get it launched.”...

full article: http://www.techcrunch.com/2006/09/02/an-...ombinator/