The New Venture Bubble

It’s official, we’re back into bubble territory.

The Merc reports that 4INFO just raised $8 million from Draper Fisher and USVP on a $20 million premoney, based on the concept of a search engine for mobile phones.

$8 million for a cocktail napkin idea? Now I’m scared.

Either that, or it’s time for me to raise some money!
http://www.mercurynews.com/mld/mercurynews/13157224.htm