A bursting of the current tech bubble will be fairly significant for those of us in the tech industry, e.g. many of the users of this site.
When the dot-com bubble burst investors didn't just get scared away from companies with weak fundamentals - they got scared away from all types of tech investments. So it won't just be the groupons and zyngas that get burned - the amazons and apples and googles will drop in value too.
And those questionably sustainable startups are soaking up a lot of the supply of young techies, keeping salaries high. The seller's market we tech employees currently enjoy won't last for ever.
Still, markets can remain irrational for a very long time under the right conditions. Or perhaps Snapchat really is the future of communications and I'm just too old to recognize it.
When the dot-com bubble burst investors didn't just get scared away from companies with weak fundamentals - they got scared away from all types of tech investments. So it won't just be the groupons and zyngas that get burned - the amazons and apples and googles will drop in value too.
And those questionably sustainable startups are soaking up a lot of the supply of young techies, keeping salaries high. The seller's market we tech employees currently enjoy won't last for ever.
Still, markets can remain irrational for a very long time under the right conditions. Or perhaps Snapchat really is the future of communications and I'm just too old to recognize it.