No, not that kind of bubble. The bubble we’re living in is actually much more dangerous than the classic tech bubbles that inevitably come and go, because this particular bubble may well prevent American entrepreneurs from playing a leading role in shaping the future.
A classic tech bubble inflates expectations of what’s possible — and ultimately dashes the hopes of many investors and entrepreneurs. But it also leaves new technologies and a handful of great companies in its wake. Hence the t-shirt that one of my investors pointed me to: “Please God Just One More Bubble.” We are probably in one of these bubbles now. But this isn’t the bubble I’m worried about.