…which I fondly refer to as revenue-free. But now from 451 Research, I see that F3 Technologies recently acquired a company that is headlined as being “pre-product”. If you can eliminate all the questions and due diligence surrounding revenue recognition, EBITDA growth, etc. by being revenue-free, why not eliminate questions about technology, performance, scalability, etc. by going to market product-free.  This reminds me of the days of Y2K, and the dot.com era.  Is this another indication we are in bubble?