What they do know how to do is put that money "to work." Well, they know they need to in order to make it grow. They don't know how. That's why we got the last tech bubble. That's why we got the housing bubble. And, hey, look, here we go again.
The hallmarks of a bubble in tech are many, but in general, it is agreed upon that:
are all good indicators of a bubble in progress.
- high valuations without corresponding track records,
- an increase in the number of deals,
- lots of hype, media frenzy,
- turnover and profits no longer matter,
- the prices of 'subject' domains going through the roof,
- everybody trying to get in on the action,
Right now, I think it is safe to conclude we're in a bubble, even if some experts are pretty outspoken in stating the opposite.
Ready for your retirement savings to take another rollercoaster ride?