The Silicon Valley Swamp?

Paul Carr is quitting the Silicon Valley Swamp after 15 years of coverage.

It is an awesome last post.

Like a shortseller that throws in the towel just before a stock crashes, I wonder if Paul quitting coverage of the Valley could be a turning point.

I don’t think Silicon Valley is a swamp. Washington and Fox News are swamps.

I do think we are seeing the nasty effects of unbelievable growth at all costs.

Look at these sales numbers from Tesla:

Here are Facebook’s:

Etherium already has a market capitalization of $10 billion and my father in law has not yet come to terms with Bitcoin. Imagine if the Netherlands had Orchidmania at the same time as Tulipmania.

A lot of money is being doled out to companies expected to grow very fast and unlike the internet bubble of 1999, get profitable fast.

These too big to stop companies (Apple, Google, Amazon, Facebook) are creating pressures in the system. I hope it does not take a crash and a witch hunt to clean up the industry.

In the meantime, I look forward to reading all Paul’s new work. Pando is an excellent site and I am a happy subscriber.