We’re Not in a Tech Bubble
Following the recent buzz around the Google/Groupon rumor, the NY Times is shouting fire in a crowded theater but I agree with the SF Chronicle who says nish nish. Being based in Austin and spending a lot of time on both coasts, I feel like I’ve heard a fairly representative sample of opinions on this topic. The folks who think we’re in a tech bubble don’t get what’s going on with the distributed web.
Technologies like hadoop and cassandra will help get the enterprise to move their data to the cloud. Once it is there, that will open up an entirely new data economy, which won’t just benefit Infochimps, but will empower every web-enabled business to make informed BI decisions using actionable data.
Additionally, there is a huge opportunity in syncing devices and seamlessly sharing content. It has been a pipe dream until now to have your phone talk to your laptop which talks to your tv. Chrome OS is a big bet by Google that this gap is narrowing. Netbooks with Chrome OS will not have a hard drive. Read this article for what this means for the music industry.
AWS, Salesforce (+ Heroku) and other cloud platforms to share infrastructure make it easy and cheap to build a web startup. We run a big data stack on AWS for the cost of hiring a single DBA (which thanks to AWS we don’t need). This means that innovation at the early stages is going to occur at an unprecedented pace.
I’ve placed my bet…
