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Brad Down

Brads reaction: This is why these types of tech companies are so overvalued, they can go the way of MySpace and be dead at the whim of the generation that created them.

Everybody loves to get behind the hot young start up and embrace it as if it is the greatest thing in the world since sliced bread. Turntable.fm and Instagram are the latest examples with people in-the-know shouting and screaming from the rooftops about how amazing they are. When you see something special for the first time you just get that feeling in your stomach that you are in at the ground level and you are bursting with excitement waiting for the rest of the world to find out. People used to have that same feeling with Twitter and before that with Facebook. For a couple of years the online geeky community (I don't say geeky in a negative way because I was one) knew about Twitter, understood its power and every piece of news coverage or mainstream attention was cheered as if we all owned shares in the company. Facebook was exclusive at the start too. Only my young cool in the know friends were on it for a couple of years.
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