Chris Anderson writes:
why is the froth missing from the wave this time? Because the underlying economics are so much healthier, in three main ways.
First, technology adoption has continued at a torrid pace (and even accelerated at times) despite the bust.
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The second reason that this boom is so different from the last is that the sunk costs of the dotcom era make the economics of entrepreneurship more favorable.
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In this new environment, startups can grow organically. That means less venture capital is needed – and that’s the third reason this boom is different.
