Is described here: As the Start-Up Boom Deflates, Tech Is Humbled – The New York Times.
- It’s not as bad as the dot com era
- It should not be expected, given how many duds startup tech has given us lately
- It may lead to something worse, but my assessment right now is it could signal a correction more than an overall decline
There’s been many stories written about tech lately: that article is a good chance to get an overall assessment as to where tech is now. At least, start up tech.
The word “disrupters” is very much in vogue (see here and much of what comes out of start ups from Silicon Valley). Although not spoken of in those terms, one of the great disrupters of the 20th century, Mikhail Kalashnikov, creator of the AK-47, just died. Most disruption is a destructive action as well as a creative one. The AK-47 allowed more disruption to occur than almost any other technology in the last 100 years, and while it brought death, it also brought great change. I don’t support change brought on that way, but when people heap praise on disruption, ask them what they think of the AK-47. If they don’t have a good answer, they don’t have an opinion on disruption worth listening to.