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.
It’s not in full decline, but Silicon Valley is on its heels these days, whether due to the practices at Uber or Facebook or Google or …well, the companies that belong there as a whole. Here’s three pieces that all touch on the some of the problems there, but really I could have put three dozen recent articles instead of just these three:
- There’s Blood In The Water In Silicon Valley
- Privilege and inequality in Silicon Valley – Tech Diversity Files – Medium
- Silicon Valley is confusing pseudo-science with innovation – The Verge
Everything I see tells me that they are not equipped to deal with the challenges on their own. If this is true, then expect these high tech companies to come in for a political bruising soon.
After reading these three profiles on Peter Thiel in the New Yorker:
1. From 2011: No Death, No Taxes – The New Yorker
2. From 2016, just after he spoke at the Republican Convention: Peter Thiel’s Conservative Vision – The New Yorker
3. From May 2016, How Peter Thiel’s Gawker Battle Could Open a War Against the Press – The New Yorker
What came to mind is the decline of his reputation in the last half decade. A decline he has brought on himself. Whatever you thought of him in 2011 — if you thought of him at all — you likely joined a majority by 2016 in thinking poorly of him.
I’m just putting this here for now. I am sure his reputation will decline further, and I want to revisit that when it happens.