Feels like tech is lurching to the end of a cycle. Not a 2001 level cycle end but something in that league. Then there will just be a burned out field with cheaper dev talent to help grow the greenshoots of the next round of building.
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question is, who is 2022 sun microsystems
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i think anyone whose only selling point was scale without a path to profitability is going to be toast. hearing stuff on earning calls like "total addressable market" being touted as valuation points was a major red flag for me.
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Talking TAM outside of the pitch deck 🚩🚩🚩