Alright, this is the startup geek in me coming out. Allow me to explain.
When we talk about “bubbles” these days, we usually mean some kind of investment is over-hyped and over-valued and therefore going to crash (or burst, as the case may be).
Many in the startup world are openly declaring the confidence game is over for startups. As if the big girls and boys who invest in those companies can be taken by the pitch “trust us and we’ll make you a lot of money.” The thing is, they’re all in on it together– trying to prop up valuations until they can dish it off on the investors who come later. That’s the game.