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0 pointstomjen315y ago0 comments

The difference is that it is so cheap to do your own startup that you can do it with or without other people's money. That was not the case 12 years ago.

The second thing is that the rest of the country is in the worst recession in 70 years - if you are not going to put your money in tech, where are you going to put them?

When the recession ends, money will flow out of tech and into the general market, but that is going to take time and is unlikely to be a sudden rush, more of a slow stream.

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chailatte15y ago

1.) Price of starting a startup has nothing to do with overvaluation of companies and the corresponding investment into those companies, which defines a bubble. Such as "oh I'm sure that those photo-sharing apps will find a revenue model eventually", etc.

2.) We're in a great depression. Not a run-of-a-mill recession. And "if you are not going to put your money in tech, where are you going to put them?" is precisely what a bubble mentality is.

tomjen3OP15y ago

1) Price has a lot to do with how softly we land. The reason the bubble became as infamous as it did was the aftermath, not so much the bubble.

I am not an economists, but it doesn't seem to be a depression from where I am sitting - people don't walk in thread-bare clothing, nor are there "no help wanted signs".

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