Tech’s broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.
but what isn’t tech, then?
yeah, AWS is tech. but the garage down the street is also selling technology. the landscaping company will sell me a cloud-connected sprinker system, are they a tech business?
“tech” is an investment term to refer to businesses that develop technology that has the potential to turn into huge, currently unknowable growth. tech is a good investment because it’s so far ahead of the curve that we don’t even know how it will grow yet. if you’re selling things that are generally well understood and will scale and grow in a predictable fashion, you’re not a tech business. you’re a service business.