Caught In The Webb

How To Avoid That Hangover When The Tech Bubble Bursts

A fallen keyboard warrior

Since my column last week, many people (well, okay, my editor) asked me what can be done to avoid another tech bubble. Generally, I loathe pat, wannabe-solutions that aren’t realistic, like “pass a law that does this!” or “change the system”. So I thought I’d offer a few concrete things everyone in the ecosystem can do to help.

Of course, not everyone will do them, and of course, some of them run contrary to perceived common sense and rational economic actions during a bubble. But that’s the point. If you follow these, you won’t be that dude who makes the undeserved billion. And you still may be the dude who ends up broke when the bubble bursts. But you’ll have your pride and morality intact, which is kind of nice, I promise.  Read More