Here comes another bubble

As most of you have probably noticed by now a lot of investors are on a shopping spree of the newest Web 2.0 technologies like facebook, skype which many fear is going to end with a second internet bubble similar to the dot-com bubble. The following video is highlighting this theory while at the same time making fun of people who are making the same mistakes all over again :P.


and here are the lyrics, courtesy of Podesk Videos:

"There's absolutely no bubble in technology"
Peter thiel october 31, 2007
investor, Facebook

got me a CS degree
honor roll, MIT

moved to Palo Alto
opportunity Knocked

thought i had the perfeect plan
took a job at webvan

traded in my twenties
for a worthless pile of tech stock

Suffered throught the market crash
lost a giant wad of cash

Pink slips, burger flips
would you like some fries

happy days are here again
lary page, sergey brin

time to write a business plan
so i can be like those guys!

here comes another bubble

it's a monster rally
all around the valley

first you need a buzzword
(Ajax)
then a second and a third

pick at least two industries
you'll revolutionize
(newpappers + friendship bracelets)

find yourself an engineer
feed him pizza, buy him beer
(product placement : Samel Adams)

Give him just a fraction
of a fraction of the pie

need a good domain name
must be cheap, can't be lame

something cool like
flickr, meebo, wikiyou, mahalo, bebo

"telephone" without the "t"
"digg" but with a triple "g"

make your elevator pith
("We're going to change the world!")
code it up and flip the switch
(internal server error)

here comes another bubble
(VC #1: friendship bracelets and news is a game changer.)
the VCs are backing
(VC #2: The next wave of the web will be friendship bracelets.)
baby let's get cracking

blog, blog, blog it all
blog it if it’s big or small

blog at the cineplex
(justin.tv)
blog while you're having sex

blog in the locker room
babies blogging in the womb

blog even if you’re wrong
won’t you blog about this song?
(Yet Another Stupid Web 2.0 Video)

launch party, nicely dressed
what the point? sausage fest

blue shirt, khaki pants,
looking like a line of ants

need to get a facebook page
all these guys are half my age

twenty nice, past my prime
i feel so behind the times

here comes another bubble
(Matt is broke)
in a year we swear
we'll all be billionaires

make yourself a million bucks
partly skill, mostly luck

now you can afford a down payment
on a small house

if you want a bigger one
hillsborough, atherton

better hoipe the same thing
happened to your spouse

IPO... luky you
have your cake and eat it too

Party yacht, party jet
why not buy a matching set?

build yourself a rocket ship
blast off on an ego trip

can this really be the end?
back to work you go again

here comes another bubble
(im in ur serverz making thingz better!!, Twitter has problems!!)
and when we are gone
(You looked better on Myspace)
this will still go on