on the bubble we are in

If you have to ask if your in an economic bubble the signs and symbols must already be quite prevalent. No?

…There’s the opportunity to be high-tech historians — to stop pretending that this never happened before, and to look carefully over where people messed up and how they succeeded.

If you’re a C.E.O., understand the investor in your company — why did you choose him and why did he choose you? It sounds simple but those who saw all money as equal were sorry they didn’t pay more attention. Analyze the details of the good and the ugly of Amazon, AOL and others.

We’ve also learned that a tech bubble will leave remnants of innovation, new technology, ways of doing things that may not have worked one way but will work another, in another time.

This time around, individual investors and consumers are more informed, in part because they are now true players. It is an Everyman’s Tech Revolution. More than ever, tech is part of our common experience. We’re blogging, posting on Facebook and Twitter, and reading e-books as part of our everyday lives. We are demanding more and newer technology, and don’t mind paying for some of it.

We’re in for a change-the-world high-tech-ego roller coaster again, but instead of getting comfortable with the familiar, whether you’re an entrepreneur or an investor, arm yourself with historical research, keep believing, and don’t buy that private plane just yet.

via The Everyman’s Tech Revolution – Room for Debate – NYTimes.com.

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