4 ms·

Wasn’t tech pronounced dead after the dot com bubble burst and then again after the financial crisis (rip good times). It seems to me that the reports of tech’s

Wasn’t tech pronounced dead after the dot com bubble burst and then again after the financial crisis (rip good times). It seems to me that the reports of tech’s death greatly exaggerated.

throwawaysleep 3y ago
https://www.reddit.com/r/Damnthatsinteresting/comments/rkvwv5/daily_mail_21_years_ago_internet_may_be_just_a/ https://www.reddit.com/r/Damnthatsinteresting/comments/rkvwv...
switchbak 3y ago
Tech is dead, sorry everyone. On the upside, suits are making a corporate comeback!
HeyLaughingBoy 3y ago
I even have the book After the Gold Rush https://www.amazon.com/After-Gold-Rush-Profession-Engineering/dp/0735608776 https://www.amazon.com/After-Gold-Rush-Profession-Engineerin...
pydry 3y ago
If Microsoft hadn't been pulled back from absolute dominance in the early 00s by the justice department I think the tech ecosystem could easily have waned and become a shadow of what it ended up being. The end of the gold rush doesn't require us to run out of ways to innovate - all it requires is that enough market power is consolidated in one place that competition from non-billionaires can be squashed like a bug. Then there's no point for anybody to innovate any more. Remember the auto industry used to have garage-started startups too. A long time ago. Start an innovative new tire company now and you'll either be bought for a pittance or copied by one of the big 3. They are also your main customers. It isn't a hopeful play. There aren't too many VCs looking for small auto industry startups to fund. There aren't too many auto startups in detroit. How many things can you build for customers these days in tech that don't end up living on one of 4 megalithic platforms? It's not like the auto industry yet but it is headed in that direction.
rwmj 3y ago
The bursting of the dot com bubble was a good thing because a lot of stupid ideas were allowed to fail. Companies with solid business plans survived. Looking around at tech today, there are a lot of stupid ideas that need to fail ...

Wasn’t tech pronounced dead after the dot com bubble burst and then again after the financial crisis (rip good times). It seems to me that the reports of tech’s death greatly exaggerated.

throwawaysleep 3y ago

https://www.reddit.com/r/Damnthatsinteresting/comments/rkvwv5/daily_mail_21_years_ago_internet_may_be_just_a/ https://www.reddit.com/r/Damnthatsinteresting/comments/rkvwv...

switchbak 3y ago

Tech is dead, sorry everyone. On the upside, suits are making a corporate comeback!

HeyLaughingBoy 3y ago

I even have the book After the Gold Rush https://www.amazon.com/After-Gold-Rush-Profession-Engineering/dp/0735608776 https://www.amazon.com/After-Gold-Rush-Profession-Engineerin...

pydry 3y ago

If Microsoft hadn't been pulled back from absolute dominance in the early 00s by the justice department I think the tech ecosystem could easily have waned and become a shadow of what it ended up being. The end of the gold rush doesn't require us to run out of ways to innovate - all it requires is that enough market power is consolidated in one place that competition from non-billionaires can be squashed like a bug. Then there's no point for anybody to innovate any more. Remember the auto industry used to have garage-started startups too. A long time ago. Start an innovative new tire company now and you'll either be bought for a pittance or copied by one of the big 3. They are also your main customers. It isn't a hopeful play. There aren't too many VCs looking for small auto industry startups to fund. There aren't too many auto startups in detroit. How many things can you build for customers these days in tech that don't end up living on one of 4 megalithic platforms? It's not like the auto industry yet but it is headed in that direction.

rwmj 3y ago

The bursting of the dot com bubble was a good thing because a lot of stupid ideas were allowed to fail. Companies with solid business plans survived. Looking around at tech today, there are a lot of stupid ideas that need to fail ...