Josh Quittner outlines why he thinks this tech boom is different than that of the late 90’s. He has some good points – companies are trying to be profitable, the exuberance has not reached the levels it once had, and Bill Gates has become irrelevant to many start-ups.
I agree with *most* of his points and I would also add that entrepreneurs these days don’t want to become a legend of a tech bubble. The entrepreneurs we are working with truly believe they have a company that will be around for the long haul – boom or not.
The idea that the web has become increasingly democratized (ahem, YOU are Time’s Person of the Year), many more opportunities will open up. Not just in content creation, but how we receive the content we want, what device, from who, when and how we can use it to help our everyday lives. Quittner also points out that many people believe that tech booms go in four year cycles. I hope that we are just on the cusp of innovation and that three years from now we’ll be looking back realizing that the YouTube’s of the world were just scratching the surface.