3 ms·
I think the Warren quote about "when the tide goes out, you realize who's naked" applies here. Tech is in every industry at this point, so it feels unlikely to
by schrodinger 4y ago
I think the Warren quote about "when the tide goes out, you realize who's naked" applies here. Tech is in every industry at this point, so it feels unlikely to fully crash as a sector. The recession and lack of cheap VC funding will expose the companies that don't actually have a reasonable business plan, but leave those that do. In other words, "make up the losses on volume" speculative companies will have a winter, but solid businesses (so many! medical equipment, logistics, entertainment, self-driving car progress) will weather the storm ok.