The tech market collapse, aided by macroeconomic forces, is an opportunity to reckon with inflated valuations, overzealous VCs, and the rise of crypto startups
Over the past half-century, Silicon Valley has toggled between two similar-sounding pursuits that are often in conflict: wealth creation and moneymaking. Tweets: @bradstone , @thestalwart , @hharrisemea , @retogregori , and @mpelletiercio Tweets: Brad Stone / @bradstone : The tech downturn isn't just the inevitable result of macroeconomic forces like high interest rates and inflation. It's also a long-overdue reckoning for industry excess. my @BW tech issue cover story with @lizette_chapman: https://www.bloomberg.com/... Joe Weisenthal / @thestalwart : “To attract the most promising startups, certain VC firms, notably Andreessen Horowitz, eagerly endorsed this high-stakes grade inflation and often allowed founders to cash out before they'd proved their business models.” https://twitter.com/... Heather Harris / @hharrisemea : The tech monolith is crumbling, write @BradStone and @lizette_chapman. Our @BW Tech issue walks you through the peaks and valleys.. of the Valley. https://www.bloomberg.com/... @technology Reto Gregori / @retogregori : Here's the cover of the @BW tech issue: This downturn is the best opportunity in more than a decade to take stock of what's working — and what's not, according to @BradStone and @lizette_chapman. https://www.bloomberg.com/... via @BW Martin Pelletier / @mpelletiercio : Excellent piece. https://www.bloomberg.com/...