New tech bubble?

Great article from the NYT about inflation within the VC industry. The article mentions one of the lastest deal from Accel Partners: $12.2m invested in Facebook, giving the company a valuation of $100m. I can't believe this company, started less than 18 months ago, is worth that much of money! Clearly, web sites providing social network are increasingly popular within VCs (and web users). I'm still a bit unclear about the revenue model besides adverstising but I guess they can start to add premium services at some point.

If that's motivating you and you are thinking about creating your own venture, then it's worth reading this article from Business 2.0 which lists 11 ideas that VCs would finance.