Comment by mbgerring

My one prediction:

Digital media companies continue to decline as money, attention and talent migrate into climate tech.

There will be several multi-billion dollar deals or acquisitions or exits in the climate tech space despite a supposed tech “recession,” and even the saltiest HN commenter will realize a global transition away from fossil fuels involves a TAM in the trillions of dollars.

People will realize that putting pictures and video on a website is actually pretty easy and boring, and the “tech industry”, especially in the SF Bay Area, will pivot to actually developing novel hard technology.

SF will be drowning in empty PDR space, and the Board Of Supervisors will finally start enforcing the vacancy tax, forcing landlords to lower the rent.

That, coupled with the Twitter bankruptcy and further rounds of Meta layoffs, will mean lots of bored, smart people will have room to experiment in a way we haven’t seen in over a decade. The renaissance will seem obvious in hindsight.

Meanwhile, “tech” people who moved their dumb crypto laundering startup to Miami will continue to sink, literally and figuratively.