Ask HN: Are we in the new dot-com bubble of crazy IPOs (2021 edition)?
Accordingly to some public data, in 2021 we have enoumeous number of IPOs, including such companies as:
- HashiCorp
- GitLab
- Transferwise (now Wise)
- Udemy
- Duolingo
- Couchbase
- UiPath
- Coinbase
- Coursera
- DigitalOcean
- Roblox
and also > 1000 lesser known companies (or at least, lesser known to engineering community). There were 480 IPOs in 2020, 232 in 2019.
This makes me think: are we about to see the 2000s bubble crash soon or it's different this time? Web3 seems like it is just starting to gain initial traction though? I'm seeing DAO threads that are teaching the early masses what that's all about, and there's a TON of skepticism still. So, remembering the Web 2.0 and 1.0 skepticism as being part of the buildup, and looking at $SPY potentially forming a bull pennant on the weekly chart through early 2022, it could turn into a hot Web3 growth tech summer... Maybe crash isn't the word. Hundreds enter the room, ten come out, three are huge. Quid games, no ess necessary