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It still is. Not nearly as big as the dot.com one (it was the first bubble, the economy was in better shape, etc) but still a bubble. We're in a bubble-bust in
by nir 16y ago
It still is. Not nearly as big as the dot.com one (it was the first bubble, the economy was in better shape, etc) but still a bubble.
We're in a bubble-bust industry. It will be this way for some time.
- danielsoneg 16y agoI think any industry that can show the kind of returns this industry does - "Two Guys in a Garage" Become "$200Bn Market Cap" in about a decade - is going to inspire mania. It's not necessarily a broken model - all farmville jokes aside, I'd wager the overall value of the enormous amount of social well-being that's been spawned by even the few companies that have made it out of the valley far exceeds the money lost to the busts - but the whole place is leverage incarnate.
- nir 16y agoYeah, I'm not saying it as judgmentally, just that it is what it is. It's similar to Hollywood, in a sense - an industry where a product can earn you a lot of money or nothing at all, and it's hard to predict which is which.
- burgerbrain 16y ago"Not nearly as big as the dot.com one" Give it time man. Give it time.