“Anyone else thing that the current tech downturn will actually produce stronger, leaner businesses in the long run? Trial by fire anyone?”
Thursday at 9:43 am
- Link
Lorraine Ball, Mitchell Tsai, marcel weiss and 22 other people liked this
the way market economics are supposed to work is Darwinian. There's just been too many species popping up lately, and now we get a little ice age to wipe out the ones that can't survive. - Pete Delucchi
In a lot of ways, 1999 allowed for sites like eBay, Amazon and their ilk to come out above the piles of dead and dying. This correction might see the wheat of the social web rise from the, you know, crap. - Steve Spalding
At least it'll weed out the crap. - (teh)Hussein
This will definitely happen. But since every company thinks they'll be that stronger company, the culling must begin, like an episode of survivor... - Jason Kaneshiro
@Jason again I'm not sure that's a bad thing. - Steve Spalding
Long term this is a very good thing. Separates the chaff from the wheat. - Mark VandenBerg
I don't think it's a bad thing either. - Jason Kaneshiro
@Jason ack misread a bit, carry on :) - Steve Spalding
Yup, just like the last downturn. Although if businesses were starting to get fatter again so soon after the dotcom bust, then shame on them. - Alex IHateMondays Scoble
I think there's gonna be a Web app fire sale. :) Either that, or a lot of platforms will go open source... - l0ckergn0me
The fringe will flourish in the new post sub prime reality. - Dan Rockwell
via twhirl
@Alex - yep - there was a period around 2006 where it seemed the hard lessons of web 1.0 were being forgotten - focus on flipping, and profit / high burn rate be dammed. Well, I'll be the first to string up the sock puppet. - Jason Kaneshiro
@chris yea, I definitely see a world where all the near applications that can't monetize are sold off at Wal*mart prices. Though I hadn't thought about the opensource thing, that could be interesting. - Steve Spalding
Oh my, what parties will Gawker crash? Casual Layoff Fridays? - Richard Walker
increase or decrease outsourcing?????????? - Gregory Lent
decrease outsourcing since there should be fewer one off projects - Steve Spalding
It will create more powerful monopolies. - Jeff P. Henderson
At least the recent and upcoming problems in finance can show to many people that there has to be really good plans (and not just plans but ways to implement them in good way). Plans without right action is like jumping to the wrong direction while attempting to go to other. I wonder what is right thing to do; kick many people out of work or find better ways to business? Competition is good but it shouldn't be unhealthy. - Daniel Schildt
hell yes. It forces companies to have a business case + profit, and that's a good thing - Duncan Riley
Yes I bloody hope so! - Kol Tregaskes
Yes, every downturn does. - Mathew Ballard
Absolutely. - AJ Kohn
As it should do. Part of the free market. Can't keep spending and not have any returns. - Bored

