Partying like it is 1999
An embarrassing video from Team Cyprus has made it onto the internet, and amidst takedowns, and other notices, it must be nice to go party in some nice expensive sunny spot, instead of monitoring the credit crisis and financial meltdown that everyone else has been dealing with this week.
Techcrunch points out that the video might be the one key thing that we will remember as Bubble 2.0 crumbles around many companies. Nothing wrong with a little excess, but as Techcrunch points out, this was bad timing, and the video should never have been made public when they posted it. Web 2.0 is an interesting thing, and people do have the ability to make the things they post private. The problem is when something goes public, and shows a lot of movers and shakers having a good time, while everyone else is hunkering down and planning on what they can do to survive the next year and a half or so.
A group of twenty or so tech elite were partying 1999-style in Cyprus this last week, and posted a lip sync video of the Journey song “Don’t Stop Believing” a couple of days ago. Among the group were Brittany Bohnet of Google, Mike Hudack of Blip.tv, Dave Morin and Aaron Sittig of Facebook, Sam Lessin of Drop.io and Jessica Vascellaro, the Wall Street Journal’s Silicon Valley beat reporter. Source: Techcrunch
The good part is that the people who are in the video really do have a reason to celebrate, and this is little more than bad timing. The problem is going to come into the interpretation of the video. The interpretation is going to center on the content of the video, not the context of the video. No one is going to lose his or her jobs over this one, and while it might be a momentary blip of embarrassment, it would be sad if the video ended up being the poster child for the end of the bubble. Everyone in the video would also go down as being associated with the end of the bubble.
At least many people have short memories; there is no way to know if they were on a private vacation, or if they were on a junket. There is no way of knowing the context of the video without knowing more of the back-story, a back-story that we might never find out more about.
Tags: video, poor timing, party, 1999, bubble 2.0, pain, sad
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