CZM Rewind: The Rot-Com Bubble
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What is the Rot-Com bubble and why is it significant?
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Hey folks, it's me, Ed. So I'm off this week, get my wisdom teeth out, finally time, but I'm going to rerun this episode, the Rotcom bubble. And I want to be clear, this is two years old. It's going to, I am sure at some point I'm like, this is going to end in three quarters, which I was, I was wrong about that one. Nevertheless, this is an important piece because I think everything about the AI bubble comes back to the Rotcom bubble. which is the idea that the big companies, they've run out of hyper growth ideas. They don't have a new smartphone. They don't have a new cloud computing. And I think this episode is super educational. And yeah, I'm taking a week off. So enjoy this. Remember, it's from like September 2024.
But nevertheless, it's very, very important that you listen to this, as I think that this is going to be kind of formatted to the future. Anyway, enjoy.
Hello and welcome to Better Offline. I'm your host, Ed Zittron.
In the next two episodes, I want to present you with a theory about why the tech industry has felt so weird for the last few years, and why there are so many products that have popped up that don't seem to really do anything or be things that people have actually asked for. And it comes down to a few simple questions. Chief of them, what if the next big thing in tech is actually years or decades away? What if the era of hyper growth in tech is over? And as I've mentioned before, I believe the rot economy is to blame for a lot of this. It's a growth at all costs mindset that sits at the core of pretty much everything I've written or spoken about. It's this force that drives businesses to grow bigger rather than better and make products to conquer markets and show growth to the public markets rather than fixing a problem that you or I might have or a business might have or provide a necessary service that was nevertheless popular and profitable.
And the raw economy doesn't feel like any other economic period I've seen.
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