1 posts and columns on What Shall We Do With the Drunken Sailor

Irony Alert: Bubble-Making Venture Capitalists Start Popping Them

in News on October 9, 2008 at 1:47 am PT

Is it just me or does the sudden prospect of venture capitalists–the very investors who fueled the Web 2.0 valuation insanity with their typically egregious overfunding of start-ups–lecturing about the bleak economy and the need to tighten belts seem just a tad ironic? It’s kind of like Washington politicians who handed out-of-control bankers one deregulation after another in exchange for campaign donations now mounting their high horses and decrying Wall Street greed in the current economic meltdown.