Tech Investors Are Taking Their Cues From Demi Moore’s Twitter Feed


In case the gonzo valuations, explosion of the secondary markets, infighting, and Wall Street’s involvement aren’t enough to make you question whether we’re in a tech bubble, The Wall Street Journal tries one more example: how quickly an Indecent Proposal reference can get your start-up $1 million.

At a Los Angeles “Startup Weekend” in February, Bo Fishback pitched his young company for all of one minute. Its product is Zaarly, a mobile application that asks users to name what they need quickly (from a personal assistant to a dog-walker), then brokers the transaction based on what users are willing to pay.

Too bad the Journal then undermines the bubble scaremongering by revealing that it was Ashton Kutcher and Lightbank, a venture fund created by the founders of Groupon, that invested. It’s hard to freak out about a bubble for millionaires.

In Silicon Valley, Investors Are Jockeying Like It’s 1999 [WSJ]