No one will go down unscathed if the bubble bursts. Even companies like Apple, Google, and Microsoft will be hurt when consumer investors react by selling off t

No one will go down unscathed if the bubble bursts. Even companies like Apple, Google, and Microsoft will be hurt when consumer investors react by selling off their "tech" portfolio and moving it into other assets like stock in pharma or bonds. They could lose 20-30% of their value if consumer investors perceives a bubble burst. Companies like Uber, Dropbox, Twitter, Facebook can just downsize their operations and keep their business afloat since they all have substantial revenues. The ones hurt the most will be these series A-D companies that haven't started bringing in serious money yet all while raising 10s of millions of dollars. There are probably hundreds of pre-IPO companies that have raised $50m+ in the past few years.