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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. I believe a bubble occurs when a market is willing to pay greater than intrinsic value for an asset class. That asset class need not represent the broader market.

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The Best Economy In History

Growthink Blog

For perspective on this, 2007 was the last fully healthy “jobs” with 12 million new U.S. back up the board where it is lagging in the World Bank ease of doing business rankings - #17 in starting a business (behind countries including Belarus, Rwanda, and Saudi Arabia!), #62 in paying taxes, and #20 in international trade.

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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

VC Cafe

Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds: $3 million from Carmel Ventures, $5 million a year ago (March 2010) from Sequoia and $1 million from private investors, including Spotlab, an angel fund operated by former Israeli MP Neomi Blumental.