Even the Step Brothers Could Get Funding into Today’s Tech Bubble

Everyone is talking about a bubble in Internet stocks as valuations continue to climb higher daily.  However, the trend shows no sign of abatement.  The most recent filing by social gaming leader Zynga suggests it will be valued at over $20 billion when it becomes listed later this year.  Groupon’s June S-1 registration filing placed a similar valuation of approximately $20 billion.  In an explosive IPO this May, LinkedIn sold shares to the public based upon a $4 billion valuation.  Twitter’s most recent financing suggest it is worth $7 billion.  And the biggest social network of them all, Facebook could potentially be worth $100 billion.

Perhaps even more shocking is the level of investment that new Silicon Valley startups have been attracting in recent months.  I am still confused as to how Color could get $40 million in venture funding.  It makes you wonder whether Brennan Huff and Dale Doback, better known as Step Brothers, would be able to get funding for Prestige WorldWide in this economy.  Without question, these two created the best venture capital pitch ever!  See the clip below in case you have forgotten.

Advertisement