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Comment by poisonborz | Hacker News Reader

Tech will always be the star of the investment show. No other industry can or will be able to deliver so cheap and fast.

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Yes but remember, everything now is tech. The days of companies being evaluated at their peak purely because they are "tech" is over.

> The days of companies being evaluated at their peak purely because they are "tech" is over.

Agreed. WeWork being the prime example of something that was evaluated as "tech" despite being anything but.

Tech will always be on top. The only thing that will vary based on broad factors is what kind of tech. We've been in computer tech the past twenty years and are only starting to get to the interesting places biotech will take us next. Similarly, we're due a step change in materials sciences, not to mention energy generation & storage, and transportation. Envirotech will continue to thrive, and receive more investment as climate change becomes more extreme. Etcetera.

That might be the case, but the investment show itself, however, might also just be far less than what it used to be...

Plus the "deliver cheap and fast" was not just because tech was so useful and must have, but mostly because of a number of factors, like people having money lying around to put into stocks, interest rates being low, QE, and so on.

With a decline in income comes a decline in advertising, (taking "eyeball" based companies), and a decline in BS subscription spending (taking down many "real business model selling SaaS" companies, resulting in a downward spiral...

Nothing remains forever at the top of the food chain.

More generally, "there is nothing permanent except change"... (c)

It seems Heraclitus was really on point.

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