4 ms·
If there is one let it pop. https://www.quora.com/If-the-tech-bubble-were-to-pop-today-lets-just-say-that-there-is-one-how-would-it-be-different-similar-than-w
by wh-uws 11y ago
If there is one let it pop.
https://www.quora.com/If-the-tech-bubble-were-to-pop-today-lets-just-say-that-there-is-one-how-would-it-be-different-similar-than-when-the-dotcom-bubble-bursted https://www.quora.com/If-the-tech-bubble-were-to-pop-today-l...
The people who care about building great tech companies and products will stay and the posers just looking for a gold rush will leave. Good riddance.
This conversation isnt even interesting anymore because thanks to the original bubble and the hassle of going public due to sarbanes oxley among other things only private money where people can take the hit is at stake.
Can we please talk about something else?
- jedberg 11y ago> only private money where people can take the hit is at stake. That's not true. If the bubble busts a lot of people in the Bay Area will suffer, tech workers or not. We saw it happen in 2000 and again in 2003. Lots of small businesses closed, property values plummeted, etc.
- gmarx 11y agoOh no, not plummeting property values in Silicon Valley!?!?! If that happens it will only be impossible for me to buy a home here instead of super-impossible
- ende 11y agoHow many layoffs will Starbucks have to make?
- gmarx 11y agoI don't know. I also don't find this a compelling argument in favor of maintaining absurd valuations
- jedberg 11y agoI didn't say it's a reason to keep the bubble going, I was just saying that more than just the rich people in private equity would be affected by it.
- rosser 11y agoIt's not about absurd valuations at all, and that you appear to think it is neatly epitomizes the self-absorbed myopia of the Silly Valley tech scene. How many non-tech people's lives are going to be adversely — and far more adversely than the tech people, at that — impacted by a hypothetical tech bubble popping? (Note the lack of assertion that we're in a bubble; that's not the point I'm here to discuss, and I have no horse in that race. I just think the notion of the fallout of a bubble bursting being limited to tech people and private money is not merely ludicrous, but offensive.) But they can't code, so why should we care about them, right?
- jedberg 11y agoYou may not care, but for everyone who has already taken the plunge and has a large part of their net worth tied up in their house, they might care. Especially if they have a mortgage that will then be underwater.
- CyberDildonics 11y agoYes, when a bubble pops surrounding industries are affected. That doesn't mean it perpetuate.
- jedberg 11y agoI didn't say we should perpetuate it. I was only pointing out that saying only rich people in private equity would suffer was wrong.