This is an absolutely hilarious video about the "second wave" of technology innovation that's going on in Silicon Valley.
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- JS
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2 comments:
Anyone who thinks were in a tech bubble doesn't understand what those words mean. We are not in a stock market bubble. And a stock market bubble was what burst in 2000. The downturn in the economy was not caused by small startups failing, but by new, swollen public companies shutting their doors.
If Facebook, Meebo, Bebo, Plentyoffish, iminlikewithyou, justin.tv, reddit, digg, Pandora, TechCrunch, PodShow, Boing Boing, Life Hacker, Prosper.com, 43 Things, SixApart, 37 Signals, Wordpress.com, and Zimbra all went out of business tomorrow, simultaneously, we would not see the huge rash of pink slips we saw in 2000. The stock market would not crash because of it.
It's not the same at all. Funny names != a bubble, and neither do over-valuations by private investors, and neither does a lot of entrepreneurs trying to start companies. It's called capitalism. Get used to it.
Dude, You're bursting the Bubble...
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