Back to the DOT.COM

It was just around 13 years back when the DOT.COM bubble was in full swing. The company I worked for (ishoni Networks) was offered $800M by Boradcom for a buy-out. Our first chip was not yet out and we had no customers. However this offer was rejected as the founders thought they could easily get a $2-3B when they went IPO in a year or so. And then the bubble burst....

When I read this article on NY times for a company rejecting $3B in cash from Facebook, it was deja-vu. Most probably the founders were in their shorts when the last silicon valley bubble happened and also they have very bad advisers.
http://www.nytimes.com/2013/11/14/technology/rejecting-billions-snapchat-expects-a-better-offer.html

So what is fueling this fenzy. One of the reasons could be the Quantitative easing by the Feds.
http://www.bloomberg.com/news/2013-10-31/fed-s-bubble-alarm-stuck-on-snooze.html

But really, when engineers are offered 60K joining bonus in bay-area, it is pretty much a reminder of old times. I would be very careful and as a engineer make hay while the sun shines.


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