There has been a fair amount of dialogue recently about the potential of double dip recession http://www.investopedia.com/terms/d/doublediprecession.asp and that we are experiencing another tech bubble. http://www.huffingtonpost.com/steve-blank/the-next-bubble-dont-get-_b_877620.html
While I certainly can’t comment on the potential of another dip in the overall economy, I do think that the tech industry is a driving force that continues to gain momentum and has plenty of runway left. Just recently, SAI reported a chart produced by Ben Horowitz http://www.businessinsider.com/chart-of-the-day-ben-horowitz-tech-valuations-2011-6 that shows how technology cycles usually last 25 years. As you can see, similar to the Mainframe era and PC era, the Internet cycle still has a great 10 years left.
Similarly, my colleague Gary Beach recently wrote how every 15 years another technology wave comes along that drives our industry forward. He correctly concludes that the Mobility era is upon us. http://www.cio.com/article/684317/The_Dawning_of_the_Age_of_Mobility With Mobile, Social, and Cloud all beginning to hit stride, one can see why the valuations of companies like Facebook, Pandora, LinkedIn, Google, Apple and Groupon are all hitting record numbers.
Is this a tech bubble? It might be a bit soapy but it doesn’t take much to think about all the untapped potential and unlocked value that is about to be recognized once companies and consumers all jump in the internet and mobility pool.