Micro-essays by Philip Dhingra

On the Startup Bubble

The so-called startup "bubble" might instead be a symptom of excess GDP growth. When there is more wealth than the wealthy can spend on yachts and low-yield bonds, their money has to find action somewhere else. So far, high-tech startups like Uber and Airbnb are filling this vacuum. If years of startup over-investment then turn into decades, is it fair to call it a bubble?