Internet Bubble Talk gets a little more serious

Bill Gates is quoted today talking about some traffic chasing froth in the internet space. He is right and wromg.

He is wrong if he is referring about YouTube ($1.6 billion – despite any legal anxiety – is cheap)and he is :) , and sounds like sour grapes, and right about most of the rest of the blog and internet deals.

Robert Scoble is taking the other side of Bill’s bet and my money is with Bill (no offense Robert). It’s great that Robert is part of a start-up and raised so much money, but that space is so cowded and so underfunded for what ultimately would be required to win/if their is even to be a winner. So much noise and so much poorly spent venture money in podcasting and blogging that the odds of survival are low.

Just last Friday, Fred Wilson also mentioned the word “bubble” in his interview on wallstrip.