...The conference also featured a friendly Texas Hold'em poker tournament. The dealers kept funding losers with more chips, so risk aversion disappeared and valuations for bad hands soared. I'll leave the obvious analogies to the dotcom bubble as an exercise for the reader.
The conference in question, by the way, was a Rutberg & Co. gathering early this month. They're the same folks who produce a wireless-funding report that Unstrung's Dan Jones keeps an eye on. (See Mobile Content Nets VC Cash.)
— Craig Matsumoto, West Coast Editor, Light Reading