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the new boom

“silicon valley is roaring back to life, as startups mint millionaires and web dreams take flight. but, no, this is not another bubble. here’s why.

i read this interesting article a couple of weeks ago on a flight to berlin where chris anderson from is nicely describing the new boom and why it is not another bubble cause many things have changed.

bubble vs. boom, at a glance

“a boom perhaps, but not (phew!) a bubble. there’s a difference. bubbles are inflated with hot air and speculation. they end with a wet pop, leaving behind messy splatters. booms, on the other hand, tend to have strong foundations and gentle conclusions. bubbles can be good: they spark a huge amount of investment that can make things easier for the next generation, even as they bankrupt the current one. but booms – with their more rational allocation of capital – are better. the problem is that exuberance can make it hard to tell one from the other.”

rational exuberance

“so why is the froth missing from the wave this time? because the underlying economics are so much healthier, in three main ways.

> read on at wired, february 2006, the new boom [pdf]

(via , oldschool paper version, phoenix illustration by )

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2 Comments on “the new boom

  • Poppy Scott
    07/05/2010 at 09:29

    me and my friends have been into venture capital investments and so far the income is great.;,’

  • Jocelyn Peterson
    08/02/2010 at 07:25

    Venture Capital is always risky but if market research had been done correctly, you will earn a lot`*`

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