Tech Volta

I think John C. Dvorak needs a hug.

Dvorak is a brilliant man, I enjoy his commentary, and what he brings to various podcasts. But I think one of his recent articles [find it here] is complete FUD. Of course we are in a bubble, we are always in a bubble, and the bubble is either growing or shrinking or bursting. Zoliblog.com also feels this way, nice read btw.

Overall, I don’t think Dvorak is wrong, but I think what he says goes without saying. It’s like saying it’s going to rain. Of course, it is going to rain, and just by saying that it is going to rain soon does not mean you have great foresight. The bubble we are in is a different type of bubble that should be greatly appreciated.

From Dvorak’s article…

“It was an event for people who wanted to get rich quick in tech and get out quick”

From this one event Dvorak summated that indeed the bubble was coming. That people are just going to sell, sell, and sell. I don’t think that is completely true, well partially true. People are going to sell their start-ups like they always do, but they are going to Facebook and Google. Mark didn’t sell Facebook to Yahoo! this should be a good sign that this bubble is a much different bubble, that and there are no sock puppets thank you Pets.com.

Alright I’m going to say it too, the bubble is coming, beware the bubble 2.0, beware! You can thank me later.