A Boom, but not a Bubble

Interesting piece in Wired 14.02: The New Boom explaining the state of internet tech companies. Suggesting the boom is back, but in a healthy way with no bubble. "Bubbles are inflated with hot air and speculation. They end with a wet pop, leaving behind messy splatters. Booms, on the other hand, tend to have strong foundations and gentle conclusions." He sites 3 points:

• technology adoption has continued despite the bust (e.g. broadband, iPods, digital media).
• all the investment of the 90's boom makes the economics of entrepreneurship more favorable today
• open source software and cheap hardware means start-ups can run lean and turn a profit quicker (without the need for IPO)