The Tech Bubble seems to be here. Really.

The Tech Bubble is clearly here for lots of people (I’m one of them) and clearly not there for lots of others (Marc Andreessen obviously amongst them). I think this article from Vanity Fair gives us several good arguments that can’t be easily denied.

Too many companies with dubious business plans that seem to solve problems not that important. As Bilton writes, several are:

just using algorithms to deliver things, or services, to places as quickly as possible. Or maybe it’s simpler than that. As one technologist overheard and posted on Twitter, “SF tech culture is focused on solving one problem: What is my mother no longer doing for me?”

I prefer, though, that comment from a ‘prominent tech reporter’ who told Bilton:

Frankly, wiping that smug look off Marc Andreessen’s face—I can’t wait for that

Others probably share that feeling. I do.

Source: Is Silicon Valley in Another Bubble . . . and What Could Burst It?

Follow-up: Why This Tech Bubble is Worse Than the Tech Bubble of 2000

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