Geeky guys in blue shirts and khaki pants? Silly made-up domain names? 23-year-old CEOs? Twenty-somethings flocking to Palo Alto to strike it rich in the land of opportunity?
Sounds familiar, doesn't it?
"Here comes another bubble" has got it all. We stumbled upon this hilarious video from the Richter Scale blog about the sheer ridiculousness of Silicon Valley. It opens up with Peter Thiel (of PayPal fame and an early investor of Facebook), who states:
"There's absolutely no bubble in technology"
and takes us through the crash of the last bubble to now, where companies like Facebook are being valued at $15 billion (Ford, by comparison, is worth around $16 billion, the video informs us).
If you're in the Valley (and even if you're not), you'll definitely enjoy this clip.
We did want to note one thing: Several media outlets have been buzzing about one bubble indicator: made-up, off-the-beat domain names (the Wall Street Journal calls it the Goofy-Name Index). The video even pokes at several names currently in use (Meebo, Flickr, WikiYou)... etc.
But there is value in having a unique name. For one, people remember it. They associate that word with your company, and your company alone. And when they search for your company, you're easy to find. Try doing a search for "oDesk" on Google. You'll find us right away. (And if you're curious about the origin of our name, check out the oDesk page on Wikipedia).
And after you're done Googling us, watch the video again. I did, and couldn't stop laughing (despite weird looks from cubicle-mates).