Someone Had Too Much Coffee this Morning...

So, the downside of our amazing trip through the Midwest is that Mr. Lacy and I have not exactly slept much. Add to that an insane cat in our house who kept inexplicably howling all night, and a 5 a.m. wakeup call for Yahoo and I am not quite 100% today. In fact I was guzzling coffee so much on the commute down I spilled it all over myself. (Oh that's why I'm supposed to have a back up outfit at Yahoo's studios...)

I'd clearly had a coffee IV when we did this segment about tech IPOs where we reference this Slate article. I go a little insane about 2 minutes in. There are a lot of great points in the piece, but no offense to Slate, I'm just not seeing or hearing a lot of the same things in the Valley. Particularly this idea that VCs are calm and collected amid a market giving them no returns. (Although I'm sure some of them say that. A lot of them also said they never really "got the whole dot com thing.")

The other knits I'd pick: The story restates blog rumors and speculation about Digg/Google talks as if they are fact. I'm hearing very conflicting things on just what went down and I think we all know Google has been the source of these "leaks" so let's take them with a grain of salt. Second: Facebook never had the opportunity to sell its company for $15 billion last year. That was a valuation based on a 2% strategic purchase of shares. Those are two very different things. I also don't get the logic that Facebook's value has peaked. In what? The court of public opinion? The site is still growing. How about we give them a chance to build out their revenue model first then call it a has-been?

Also, not convinced Yahoo is really out of the acquisition game, myself. At any rate, I'm not quite Jim Cramer, but enjoy: