Last October, there were death knells.
The VIX was at 90.
We were vomiting.
VC’s were writing their CEO’s secret letters entitled ‘R.I.P Good Times ‘
Everyone wanted their MOMMY.
Today, AdMob was bought by $GOOG for $750 million. Playfish was bought by Electronic Arts $ERTS for $400 million. There were like 10 other deals. Accel partners is the Tiger Woods of the venture capital world. Life is good for the the POLO boys of Sand Hill Road.
I don’t want to jinx some of my private investments, but FIVE have rounds closed/closing (major up rounds) in the last 60 days and let’s face it…I don’t know what I am doing.
It’s the giddy express!
The VIX is in the low 20′s.
I am enjoying it because I have been consistently investing in the web since 2005. I have always stood by the fact that it’s a good time to start a business.
I don’t think today is anything different.
Massive deflation in start-up costs…cheap talent. No excuses.
Now if I could sell…..Mortimer…….