26 Miles

The New Boom?

// January 27th, 2006 // Business & Politics, Technology

Chris Anderson of Wired.com has an article arguing there is a new tech boom underway — based on a solid footing absent during the bubble.

He cites a healthier economics at play in Silicon Valley today, including:

1. The onging rapid adoption of new technology, despite the bust.
2. The massive infrastructure investment of the dotcom era is still bearing fruit.
3. As a result, startups can grow more organically, and with less venture capital funding.

From the article:

“It’s hard to know what ‘normal’ prosperity looks like in Silicon Valley. This is, after all, the land of boom and bust – it’s been alternating between greed and grief ever since the gold rush. But if there is such a thing as a healthy boom, we’re living it now.”

It’s an interesting assessment and one I hope is on the mark.

Read more at Wired.com.