It’s A Mad, Mad, Mad, Mad, Mad App World

Av
If I do remember the bubble - the internet bubble. Oh yeah, I do. But I haven't seen the bubble rising again. Wish I did!

A post from from TechCrunch by Jon Evans has the whole story. Here is a part:


Editor’s note: Contributor Jon Evans is an author and software engineer. He hails from the Great White North, but we let him write here anyway.
Report from the app-development trenches: it’s gettin’ kinda crazy out there. I’ve lost track of how many NDAs I’ve signed this year from people with app ideas. Old coworkers and previous clients have deluged me with so many offers of new work I can’t possibly take it all. Friends of friends want my opinion on whether their app notion might fly, and if I might want to partner with them.
The VP at my client Xtreme Labs has as his Gmail status, “I’m hiring 50 Agile Engineers.”  That doesn’t include their startup incubator Xtreme University. And this isn’t frenetic Silicon Valley, this is once-sleepy Toronto. My clients HappyFunCorp, an incubator/development consultancy in Brooklyn, proclaim on their web site, “We can only take on so much work, and because of that, there’s no contact information on our page.” None of my developer friends are underemployed. Supply is low, demand is insane. I realize the plural of anecdote is not data, but I can’t help thinking: this feels a lot like 1999.
Everyone is asking, “Are we in a bubble?” except for the people shouting, “Yes!” Bubble satirists have alreadyarisen:
The Tech Bubble@the_tech_bubble
The Tech Bubble
Just walked by a homeless man with a sign that read: "Looking for technical co-founder"
December 1, 2010 8:22 pm via webRetweetReply
Headlines proclaim: “Startup Accelerator Founder Says We’re In A Startup Accelerator Bubble.” But as Paul Kedrosky notes:
Paul Kedrosky@pkedrosky
Paul Kedrosky
The "bubble" cries in late 90s, including mine, started two years before the crash — two years of incredible exits. /cc @Jason
November 19, 2010 7:23 am via EchofonRetweetReply
True, people are throwing a lot of money at a lot of dubious ideas, but it has ever been thus, and we haven’t yet sunk to the nadir of Pets.com. Remember them? Remember the dot-com bubble? Sure, it burst spectacularly, but as Alan Greenspan once pointed out, it was not a market failure, it was a resounding success. Technology created a whole new economic sector, the market drenched in ridiculous amounts of money, and in the end the great companies—Amazon, eBay, Google, Yahoo (for a while there)—thrived. Remember when Yahoo was a great company? Those were the days.

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