Bubble Days Are Here Again?

Via Scoble.  Others have also posted it, but if you haven’t caught this video yet, it’s chuckle-worthy.

Do I think we’re in a bubble?

Nope, not really.  While it is true that there is a growing number of companies, many of which may be more “feature” than “true business,” the risks have become far lower.  Many of these start-ups make do with much smaller VC rounds, as little as $250K, and take advantage of far cheaper tech resources such as online storage, offshore coders, etc. 

The flame-outs will be more frequent but less spectacular.  The price of failure is minimal.  Having tried and failed in Tech (and in Silicon Valley in particular) is a badge of honor here, not a mark of shame… which means “starting all over again” is no big deal and is often the road most traveled.

All of which makes the Tech industry far more resilient, robust, and more fun than it ever was.  Maybe it’s because we’re having fun while working this hard that people are worried about the jinxies?



Posted on: December 7, 2007 at 10:11 am By Todd Defren
One Response to “Bubble Days Are Here Again?”

 

Comments
  • I am slightly too young to have been a part of the workforce during the bubble days. That being said, the bubble days were marked by the supposed “paper napkin business plan”–an idea dreamed up at a restaurant and given obscene amounts of money before any revenue was ever realized. Maybe it is just wishful thinking on my part, but I look across my client base and see so-called startups that have actual revenue and real products. While I think some companies may be making similar mistakes as those made in the bubble days, I don’t think we have re-entered that era. Let’s hope it stays that way.






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