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I think year here is also super important. In 2008, even without the benefit of hindsight, investing in tech is not a crazy idea. We had a real-estate/banking c

I think year here is also super important. In 2008, even without the benefit of hindsight, investing in tech is not a crazy idea. We had a real-estate/banking crisis and there was a lot of people looking to figure out where to put their money. Tech in 2008 looked very healthy, and VC funding only went up from there. We're looking at an actual contraction in the tech sector now. We can argue how about whether this is a small "correction" or something more major, but I think it is a good idea to not just blindly apply good market advice from 2008 to the 2023 landscape. It probably is a great time for a startup, just probably not a tech startup.

alfalfasprout 4y ago
> It probably is a great time for a startup, just probably not a tech startup Well, it's not really an issue of tech vs. non tech anymore is it? A good chunk of the largest companies are now under the "tech company" bucket. It boils down at the end of the day in whether they invest heavily in tech or if it's incidental. This mashes together companies as diverse as Tesla, Snowflake, and Airbnb together. The former is a car company with inventory, etc. The middle one is a SaaS company. The latter a travel company platform. Ultimately, a few things are clear-- even after 5% interest rates get slashed (which looks increasingly likely to happen in 2024 and not 2023) investors are no longer interested in businesses that have no idea how they'll attain profitability. I would argue this is a good thing-- it now forces companies to be strategic in what they invest in.