Internet deals abound. Since we purchased Mediabistro in July we have been offered an amazing number of Internet properties. Obviously Mediabistro is responsible for some of these offers, but there must be something more about the level of activity.

I think the mortgage mess might be part of the equation. My reasoning is that many entrepreneurs might be panicking. Perhaps they reason that all types of funding might be curtailed due to the credit crunch enveloping America? So perhaps this is the time to sell rather than hunt around for more funding for expansion?

I am not complaining about the situation. It reminds somewhat of late 1999 to early 2000 when acquisition options and VC deals were aplenty. What is different this time is that many of the properties being offered have solid business models but lack the ability to obtain critical mass. Combining with a larger entity is appealing.

Anyway, stay tuned as we are sure to make some more deals in coming months.