Reality Bites for Tech Start-ups
February 27, 2020
Technology start-ups had a rough time over the past decade, and many of them are now moving from pushing fast growth to prioritizing profits—with the shift unfolding “in precisely the areas that drew the most hype,” a New York Times article says. In Issues, a technology consultant recently presented data showing how hype—by innovators, investors, companies, universities, and media—was leading to economic losses and slower innovation, and he called on all parties to “evaluate the economic promise of emerging technologies in more realistic ways.”