Are we in a tech bubble?

David Cummings on Startups

Last week a colleague asked me if we were in the middle of a tech bubble and I immediately said “no way.” He theorized that five years from now things will have settled down and tech would not be getting the attention it gets now. I fumbled through a response and thought to myself that I needed to better articulate why we aren’t in a tech bubble.

Here’s why the tech renaissance is going to last:

  • Fast internet access is prevalent everywhere — both wired and wireless
  • Widespread smart phone adoption means most people have a powerful computer on their person at all times
  • Costs to build and deploy a web/mobile app have gone down significantly due to open source, cloud computing, and new technologies
  • Startup funding, especially outside of Silicon Valley and New York, has been relatively steady, if not declining, meaning we aren’t seeing an unsustainable level of…

View original post 99 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s