Monday, March 20th, 2006

Pouring money down a hole, 2006 edition


More bubble-esque nonsense, as Wall Street tries to find somewhere, anywhere to dump the money raised by venture capital. In a move reminiscent of the stupidity of the late 1990s, apparently companies with little or no business plan are finding investors giving them mounds of money pre-emptively.

Warren Frey is a journalist, freelance writer, podcaster, video producer, and all-around media consultant currently based in Vancouver, Canada. His written work has appeared in such publications as Metro Vancouver, the Westender, Mac | Life and the Japan Times.

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