It only feels like a bubble because of structural unemployment.
We wouldn't be talking about a bubble if blue-collar workers had the same opportunity that white-collar workers do. (Yeah, I know, I can't find a better term for the groups.)
Also, the vast amount of economic activity is happening in SF/SV and in NY. Raising money outside of these two centres is much harder. This is one facet of structural mismatch between supply and demand. One part of the 500 Startups thesis is to find under-valued startups that don't happen to be in the major tech centres.
We wouldn't be talking about a bubble if blue-collar workers had the same opportunity that white-collar workers do. (Yeah, I know, I can't find a better term for the groups.)
Also, the vast amount of economic activity is happening in SF/SV and in NY. Raising money outside of these two centres is much harder. This is one facet of structural mismatch between supply and demand. One part of the 500 Startups thesis is to find under-valued startups that don't happen to be in the major tech centres.