Re:SoftBank expects $24B in losses from Vision Fund, WeWork ...
by creamyhorror on Thursday April 16, 2020 @05:00AM
(#22887464)
1998 is not that recent any more, to be honest. Though admittedly it wasn't called 'tech' back then, but "dot com". Still, it was the same thing: web service startups.
The tech that Silly Valley was originally built on was hardware with multi-year development cycles. “Tech” as a synonym for “ad supported website” is a very recent thing.