Got any bubbles? Go fish!
"Are we in a bubble yet?" asked the crowd. "No," replied the analysts. "All the startups are private companies, none listed on the stock market. Only a few investors stand to lose their money."
"So what?" asked the crowd.
"It's not a bubble until everyone gets screwed."
And so it begins. Sent to Valleywag this morning:
GOFISH CORPORATION, A LEADING USER-GENERATED VIDEO COMPANY, GOES PUBLIC AND COMPLETES $12 MILLION FINANCING
GoFish is an online video site you haven't heard of. Most of its top clips are original videos from its interactive reality show, America's Dream Date, which you also haven't heard of. Charming, yes. Ready for public trading, maybe not.
GOFH started trading over-the-counter shares (listed on the Over-the-counter Bulletin Board, not on an actual exchange, thank god) this morning. Watch the stock. Fear its rise.
