These days many people in Silicon Valley feel that we are now in ‘Bubble’ and it will burst sooner or later. Large drop in stock price, recession, layoff, bankrupt, and lots of pains.
But Tech Bubble also brings upside in the long term. During ‘dot.com Bubble’ period, extraordinary money and human resources had been spent not only for “pet.com” like cheat businesses but also for bold businesses / tech / infrastructure like Google, Amazon, eBay, fab-less style semiconductor businesses or infrastructures such as broad-band internet, intercontinental optical fiber, BPO, etc.
Imagine if we didn’t have ‘dot.com Bubble’. We might live in the different world where broadband was still expensive, no Facebook, no Wikipedia, no Amazon.com, no iPhone, no Skype, no Twitter, no NetFlix, no iPad, no LinkedIn, …
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