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you'd have to be nuts to buy twitter at any valuation they want now. wait until the inevitable facebook downround and do it then, when the valley has moved on and you wont find a single person who will admit to investing in a web 2.0 social network. then buy it for the value of a few people and some desks.
the web 2.0 bubble is over. the companies are coasting on the enormous VC rounds they got a year or two ago and haven't yet figured out that when they run out of these rounds the VCs will a) let them hang or b) take the rest of the equity, strip the assets (ie people) and then resell for a small profit a year or two later.
your blog posts on this topic are very like the financial/tech blogs in late 1999. "iStamps looks good at a 3Bn valuation, since it's a first mover with momentum"
And who gives a fat rat's azz about Facebook, MySpace and the rest of the time-wasters geared for teenie boppers.
Real people have jobs and lives. They don't live and die worrying about tech companies that might be here today - and gone tomorrow.
