Tech Bubble Talk Boils Over

The debate over whether the tech sector is entering another bubble, in which madness reigns and prices are detached from reality, is reaching a fever pitch as we move into 2007.

The Wall Street Journal recently took up the debate, offering a point/counterpoint discussion with two prominent venture capitalists on whether the new surge in Internet startups, commonly called Web 2.0, means that the sector has again slipped the leash of sanity and is reveling in the same kinds of excesses that it swore off only a few years ago.

That same discussion has been brewing among pundits and bloggers for months. A Technorati search on the phrases "Web 2.0" and "bubble" yields 11,000 results. The same search on Google's main engine brings up 1.8 million pages. ...