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…
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