Freebies?! So where is the MONEY?

Take a look at this -
January 17, 2007
Meebo gets $9 million from Draper Fisher Jurvetson and Sequoia Capital
"Meebo is already showing some viral growth. Three months ago the 17-month-old startup had 500,000 user-accounts, today it has more than 1 million. Meebo’s overall funding is now $12.5 million."
Read the full story here:

So, what is getting these guys to invest millions of dollars into these companies that have no revenue model?? Are we going back to the 2000 dot com bubble days?

Take a look at these guys too .... also funded by DFJ amongst others

jaxtr - free voice on your blog & site

"What does it cost to get my own jaxtr account?Nothing! Your FREE jaxtr account comes with unlimited voice messages and unlimited text messages. Plus, jaxtr allows you to send up to 100 minutes per month of incoming calls to your phone in 29 countries (the number of minutes will depend on your country and the kind of phone you use). "

"VCs Aim to Out-Angel the Angels - read the full article here
Responding to the emergence of a new breed of wealthy investor, venture capitalists are boosting their early-stage investments in startups "