When the crunch comes for tech…

A new generation is about to get a crash course in what technology looks like when the market turns bearish.

20 April 2023

For a solid few decades, tech has been the primary resident in the land of financial milk and honey. Technology peddlers took up the top spots in the world’s most valuable companies; their executives morphed into the most influential people, shaping the ‘metagenda’, and launching currencies with a single tweet.

There have been so many tech unicorns – a private startup valued at over $1 billion – that the categorisation soon became far less meaningful for assessment, the valuations sometimes utter fictions; enter the centaur who could demonstrate revenue of $100 million. Real-world revenue.

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