…And the frenzy has continued. Just last Tuesday came Xumanii.com, which said it was “revolutionizing the way in which live entertainment and social networking come together.”
You get the idea.
But at some point, it’s worth asking: Is this a true boom, backed by serious investors with clear-headed business models? Or has the cost of entry become so low that this is just a false flush? To some, it seems like the latter…
https://www.nytimes.com/2010/07/25/business/25steal.html?_r=3&src=busln