It is always fascinating when we can actually see the shift in boom cycles and the reallocation of capital on a massive scale.
At the same time that real estate and commodities are (let’s just say) taking a good, long breather, Web 2.0 business are starting their wave of exists. Whether it is the 42% growth in valuation for Facebook in one year or the billion dollar deals for networks Facebook and youTube - we can comfortably say that market confirmed the shift in boom cycles.
Wherever the smart money moves, economies move. I know we cannot compare the 7.2 trillion dollar (net) real estate market to a couple of feeble web deals (a billion here and there and soon it adds up to real money), but I am sure Mark Zuckerberg growth index just outpaced the real estate index. Welcome the new new economy.
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