In a memorable scene in the movie “The Social Network,” Sean Parker, the investor played by Justin Timberlake, leans over the table and tells the founders of Facebook in a conspiratorial tone: “A million dollars isn’t cool. You know what’s cool? A billion dollars.”
These days in Silicon Valley, a billion dollars seems downright quaint. The enthusiasm for social networking and mobile apps has venture capitalists clamoring to give money to young companies.
The exuberance has given rise to an elite club of start-ups — all younger than seven years and all worth billions. Successive investments in Twitter have reportedly increased its value 33 percent, to $4 billion, while Zynga, creator of the popular Facebook game FarmVille, is worth more than $5 billion.
To read the full, original article click on this link: A Silicon Bubble Shows Signs Of Reinflating - NYTimes.com
Author: JENNA WORTHAM AND EVELYN M. RUSLI
