There is a good amount of discussion on whether we are entering another tech bubble. I say that we aren’t entering a bubble although we are starting an economic cycle towards the web.
Think about it. Bubble has a horrible connotation, it means there will be a burst. With the Internet in the late 90s and real estate shortly after we did see a bubble (and the subsequent bust) but the ramp up was significant. I think we are entering another tech cycle and it probably will turn into a bubble, but not yet. And hopefully not anytime soon.
If you’re thinking of starting a web company now is a great time. They are rather cheap to start, investors are looking and there will be a lot of buzz in the next few years.