What the article fails to mention is just how much tech has changed people's lives in the past decade. People spend more time staring at their smartphones, order more through Amazon, are more likely to take an Uber or rent an Airbnb, etc. With tech companies being a much bigger part of people's lives, it's only natural that the industry will be more valuable.
My only real fear right now is what happens when funding contracts, and how much of the growth in the sector is a synergistic circle jerk? Is Amazon only worth a lot because of AWS, and only because AWS makes a big chunk of its revenue off startups?
My only real fear right now is what happens when funding contracts, and how much of the growth in the sector is a synergistic circle jerk? Is Amazon only worth a lot because of AWS, and only because AWS makes a big chunk of its revenue off startups?