It looks obvious

I wrote before about Meebo and I still think that although the cool programming work the company has no business case. In short I argue that not every application should be web application, the platform should depend on its use. In addition I do not see the business model of this company and how they intend to generate revenue.

The rumors , however, is has closed funding from Sequoia Capital at a $10 million pre-money valuation. Although I still do not see the justification to invest in Meebo I can only congratulate them and wish them success.  however, Its start to sound very much like the happy days of bubble 1.0…

Technorati Tags: Meebo, Web 2.0, IM, Bubble, Sequoia Capital