Music Keeps Playing for Mobile Email Companies
One area that I do think there is a bubble is mobile email. Bill Burnham’s piece is one of the best you will read about the state of the market. I mean bubble as in the actual definition of a bubble, not the term that is thrown around web 2.0 when people hear about too many companies with no funding chasing a solution to the same problem. Bubble’s require over-investment in one area relative to the expected returns in a reasonable time period (< 5-7 years).
Mobile email companies that raise $200m are one example of that. But if Motorola buys the company for $500m, then the music clearly has not stopped and their are still empty chairs waiting to be seated upon. Or to use another metaphor: there are more suckers down the line.
