Opinion: In Silicon Valley, a boom era feels like it’s ending

March 17, 2023

Silicon Valley is getting a reset — some could also call it a comeuppance — after the past 12 to 13 years of insane growth, often irresponsible spending, hubris and swagger. Last May, Sequoia Capital — which has become a bit of a soothsayer of Silicon Valley after its infamous “RIP Good Times” presentation in 2008 — again predicted gloom, and advised belt-tightening. During those times of crises, the startup community was more vulnerable to failures and more reliant on a partner like Silicon Valley Bank for loans. Daily shuttle buses from San Francisco to Alphabet, Meta, and Apple headquarters in Silicon Valley have also returned, albeit at fewer frequencies. But ultimately it will represent yet another cycle of change in ever-evolving Silicon Valley.