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With all the talk of a tech bubble, it’s not surprising to come across a startup that’s explicitly focused on bubbles.

Not outsized valuations, that is, but visual bubbles. Bublaa, which launches Wednesday, organizes discussion topics as graphical bubbles. Each bubble has a discussion forum and tools for sharing.

Users can create their own topics, or bubbles, and invite other users to participate. The bubble grows as the number of participants goes up.

Bubbles can be open to anyone or private. Users can also create a bubble that allows the use of aliases. That enables you to participate pseudonymously in social communities without risk to your real-life identity.

Bublaa plans to generate revenue through premium services and sponsored bubbles. Bublaa starts as a browser-only social media service. iPhone and Android applications will be available later this year. People can join Bublaa through their Facebook or Twitter accounts. The service is now available in the U.S, United Kingdom and Finland, and will be available in 75 countries in November, 2011, the founders say.

The company behind Bublaa is originally from Finland, but they have already launched a U.S. company to run operations in this country.

Bublaa’s plans are very ambitious.

“We want to have three million user after the first month. In 2012 we will have 100 million users,” said the CEO, Juho Kyröläinen, when I met with him earlier this year.

As a way to introduce the service to users, the company will give $10,000 to the user who creates the largest bubble before 10 AM PST on June 15.

The company has 17 employees. It has raised $300,000 dollars from its founders. Chief executive Kyröläinen has previously created a successful dating site www.deitille.fi in Finland.

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