We will keep talking about whether we are in a bubble economy in 2015.
But Silicon Valley’s boom will continue through 2015.
Yes, the tech bubble will not pop but inflate steadily this year.
Each boom comes with its own belief system. And this one will keep the wilder elements in check, for awhile.
Exuberance will be permitted only if rational and in small doses. Venture capitalists will lecture their minions to be prudent with their money as they hand over millions. Tech parties will be studiously modest affairs.
But near the end of 2015, says my crystal ball, there will be some signs of trouble.
The public will see tech as a sure bet with endless sectors to disrupt.
They will turn to newfangled financial tools to invest in startups. Goodbye savings.
Entrepreneurs without much of a product will model themselves on Evan Spiegel of Snapchat and turn down gobs of money offered by a bigger tech firm. “Better independent than rich” will be on their companies’ tombstones.
These and other signposts will make Silicon Valley observer types skittish.
But the Valley will skirt any serious market correction.
Above: Snapchat co-creators Bobby Murphy, left, and Evan Spiegel. (Genaro Molina/Los Angeles Times/MCT)
