Tech-bubble-talk on repeat

I haven’t posted in a while. I’ve been busy. I started a new job two weeks ago and I still have class three evenings per week. The job is great, though. I’m a research associate at a pretty cool market research firm here in the D.C. area. My coworkers and assignment are quite engaging.

I did find time to write a piece for Enhancing Capital last week. It’s on the “tech bubble” (or lack thereof, in my opinion). Mostly, talk about the tech bubble has been based on impulsive reactions to sky-high valuations of tech startups. The old guard just can’t seem to bring themselves to believe these companies actually add amazing value to users of their products. Airbnb and Uber come to mind.

On one hand, this incredulity is understandable. These companies often have just a few dozen employees. Their products are little games and buttons that live on a little 5.1″ handheld display. Isn’t a $1 billion valuation a little high?

But on the other hand, apps these days are becoming quite sophisticated, yet simultaneously easier to use for the average person. And they’re not just fun and games. Apps like Airbnb and Uber bring the physical and digital worlds together in ways that make life easier for everyone. They solve problems we didn’t know we had in ways that add real, dollars-and-cents value to our wallets.

On a somewhat related note, I guarantee you kids in twenty years won’t believe we used to hail cabs by walking down to the sidewalk and flailing our arms around hoping a driver would see us.

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