4 ms·

Do you mean that 'this time is different' ?

• metamet 4y ago
  Yes, but unironically. Societal and cultural understandings of what "tech" is has shifted dramatically in the last 20 years. Home computers were still pretty niche, constant connectivity via pocket size computers was a work of science fiction, and we didn't have an omnipresent internet retailer that could bring you nearly anything in a few hours/a couple days. The possibilities of the internet and tech companies were still in their formulative stage with regards to the general population. It's now so engrained in our daily lives that it's taken for granted. I suspect the bubbles that will actually burst are going to be incredible niche. Even then, things like NFTs may survive due to a cultural imagination that allows ideas to live on longer than maybe they should.
• hahaxdxd123 4y ago
  I mean, every time is different in the sorts of companies/sector of the economy that fails. The large tech companies actually do have solid fundamentals. The dynamics of the business cycle remains the same though and some more speculative companies will fail (taking a look at the 6-month performance of Asana, Palantir, Zoom, etc makes me quite happy as a shorter).
• deleted 4y ago
  [deleted]
• ak_111 4y ago
  I remember two partners from Andreessen Horowitz gave a presentation to a group of investors and journalists around 2015, where they had a slide with literally the title "This time is different". I thought to myself this will not end well, major crash around the corner. I am annoyed that they were right.
  • ak_111 4y ago
    https://www.businessinsider.com/benedict-evans-says-there-is-no-bubble-because-its-different-this-time-2015-6?r=US&IR=T#:~:text=The%20in%2Djoke%20in%20Evans,as%20his%20deck%20says%2C%20%22it's https://www.businessinsider.com/benedict-evans-says-there-is...