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Thank you for making a logical statement around this. People love to trot out the bubble line, but I always wonder how much of the "tech industry" at this poin
by shostack 11y ago
Thank you for making a logical statement around this. People love to trot out the bubble line, but I always wonder how much of the "tech industry" at this point is comprised of small startups with large amounts of funding vs. large established tech giants like Google, FB, Apple, Adobe, etc. with BILLIONS in revenue (if not profits).
I've heard people tell me "all these startups with funny money are driving the housing prices up." I can only sit there in response and hold back my snarky "yeah, and I'm sure the giants who have tens of thousands of engineers on staff with billions in profit aren't contributing at all."