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One notable contrast I see is that many of the dotcoms which failed had been predicted years in advance based on poor business models where they had no plausible way to make a profit. There are some companies like Uber which are struggling with that but most of these are profitable & won’t be leaving room for newcomers.

Related to that last thought, a lot of people bailed out into Boeing corporate jobs. They didn’t have Aeron chairs but they needed a lot of IT workers as they moved more online. I’m curious how that’ll go now where that process is much further along and things like cloud services have been soaking up geeneric demand.



One thing I see different is back then there were tons and tons of small startups that vaporized.

Now we have a bunch of absolutely massive companies like Uber that have no way to make money, but the overall # of them is a lot smaller.


could you expand on the Uber having no way to make money part?

> Uber reported $595 million in profit




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