Most of the recent VC funded Internet companies that have gone public have never been profitable in their life (which sometimes stretches a decade of existence). For e.g. -
DemandMedia
Makemytrip
Zillow
Envivio
According to a recent WSJ artcile[1], 11 of the 30 tech companies going IPO this year have been in red and 19 reported some profit last quarter.
That is definitely a sign of bubble if we take a cue from the 99-2000 bubble.
DemandMedia Makemytrip Zillow Envivio
According to a recent WSJ artcile[1], 11 of the 30 tech companies going IPO this year have been in red and 19 reported some profit last quarter.
That is definitely a sign of bubble if we take a cue from the 99-2000 bubble.
[1] http://blogs.wsj.com/venturecapital/2011/04/19/a-look-at-the...