Last night a company called gritwire threw an open bar launch party at Syndicate. Another startup had an open bar party in the city tonight. From what I hear the parties were full of very happy people who couldn’t have cared less about the product but were enthralled with the free booze.
The rumors are flying that Meebo, all of 13 weeks old, has raised money at a $10 million pre-money valuation. I wrote about this at TechCrunch and the first comment is “Bubble 2.0?”.
I think I may be starting to agree. All these blowout parties and easy venture capital certainly don’t strike me as a good sign.
On a related note, the party tonight that I mentioned in the city was a total zoo. I’m not going to say what company it is, but I’ve written about them numerous times. I was invited, and drove 25 miles to get there. The door person said I wasn’t on the list. I called someone inside the party to see if I could get in. A very large bouncer got right in my face and “asked” me to leave the area since I wasn’t on the list. I looked around and saw at least a dozen people trying to get in, to the free alcohol. I shrugged and left (and got phone calls all the way home asking me to come back, they were sorry, etc.).
I don’t care about not getting into the party. But I do think it’s crazy to have these open bar type things hoping that it is money well spent. It isn’t. Especially if you don’t let the bloggers in.