Even as recently as Web Summit at the beginning of November I was asked about a Bubble as part of a panel. It has since occurred to me that the problem with using that word to denote possibly overextended valuations is that is suggests a sudden correction in the form of a “popping” or “bursting” of a bubble. That’s pretty much what we experienced at the end of the actual Internet Bubble when many companies disappeared entirely and others were down 90% or more. So I want to propose a new word:...

Even as recently as Web Summit at the beginning of November I was asked about a Bubble as part of a panel. It has since occurred to me that the problem with using that word to denote possibly overextended valuations is that is suggests a sudden correction in the form of a “popping” or “bursting” of a bubble. That’s pretty much what we experienced at the end of the actual Internet Bubble when many companies disappeared entirely and others were down 90% or more. So I want to propose a new word:...