Geekularity

Justin Kan is 23 and the CEO of the newly live company justin.tv He wears a camera on his head 24 hours a day and broadcasts his life, in real time, to anyone who wants to watch. Yes, I reluctantly include myself as one of his followers. It’s really addictive! So between justin.tv, all of the buzz over twitter (disclosure: also an avid user), and a recent report from the Wall Street Journal (link - behind pay firewall sorry!) that says that more than half of the tech companies that are currently seeking IPOs are in the Red, I’m ready to admit that I am worried.

I’m listening for the *POP*

You know the same *POP* that we all heard in 2000 when all of these crazy ventures were dumped on their arses the first time. Except this time, I’m listening for the entire San Francisco Bay Area and Silicon Valley to collectively mutter “Wow man! It’s like déjà vu all over again!” shortly after this bubble explodes.

I hope justin.tv proves to be a wildly successful marketing venture; if not, one heck of a cool socialization experiment. However, it registers in my mind as technology hysteria which, while really cool, has no sustainable business model. It’s very similar to what I saw here in the Bay Area in 1999, and I think it’s just history repeating itself. Nevertheless, I’m along for the ride Justin! I just hope your sticking any money you make from this under a mattress or into the bank, because I think you’re going to need it fairly soon!