Color.com as a bubble proof

It seems we are really inside the second dotcom bubble. All the signs are obvious: the overestimation of startups, despite the fact that they don’t talk about incomes and profits, an increase in the number of deals, media hype, the cost of beautiful domains is over the top and finally, the last is everyone wants to participate. Just look at the number of different conferences for “startups”, where people are dropping in droves.

A very clear proof that we are inside the bubble, appeared right today. Today, in the App Store and Android Market, the Color program has started to spread. Today it became known that this startup received investments from $ 41 million from venture funds Sequoia Capital, Bain Capital and Silicon Valley Bank. Even before the launch.

This startup matches almost all of the signs of a bubble listed in the first paragraph.

Color is a program for mobile devices that allows you to share photos with people around you. That is, you are photographing something together with your friends (for example, at a concert) and in real time watch photos of each other.
')
Venture investments of this size mean that this business project is potentially valued at least at one hundred million dollars, maybe at several hundred million. With a lower margin, investors are unlikely to invest. But this is just a small program for having a good time, what is so revolutionary about it?

The startup is at an early stage, still does not receive any profit and it is not known whether it will receive it. It is not even known whether at least the cost of buying a domain ($ 350 thousand) will ever pay off.

Definitely, something strange is happening in the world. Against the backdrop of the global crisis, natural disasters and revolutions, we are witnessing the swelling of a huge dot-com bubble, where money literally flows like a river. What can I say, if the capitalization of Facebook has already exceeded the stock value of the largest oil companies in Russia?