“For all the talk of “bubbles” and crazy valuations, I think most overlook something very fundamental: technology continues to permeate all of our lives in ways we couldn’t imagine just yesterday.”

TechCrunch writer turned venture capitalist MG Siegler, using in 2011 a bubble rationalization that would have sounded just as accurate in 1999, when he was in high school, or in 1845, when 30 little TechCrunches were published on paper.