Are you optimistic about the economic and market situation for the tech industry in 2021?

I'm very optimistic. From a financial standpoint, '21 is going to be an epic year. With all the other problems we are having in this country and in the world, I'm not commenting on those, but from a financial or financial capital market standpoint, it's going to be an epic year. Capital markets being stock market, equity markets. Economy? I don't know. It's very divergent unfortunately, in many ways. With the current stimulus, which is almost $2 trillion, along with the prior stimulus packages, there's a lot of liquidity being pushed, bottom up, so that may affect certain things. But from a capital market perspective, SPACs, which are the special purpose acquisition companies, are just one sliver of the overall market and that's almost $250 billion. There's a lot of capital coming from there. And venture is another one, which is usually, in the US, around 80 billion. Then there is the growth equity, and then the private equity, then the mutual funds. And these are all growing with 10x numbers, right? Mutual funds are in the trillions. Private equity is 100 billions. And venture is barely in 100. So with all the capital coming into the market and with the 0 interest rate environment, people are looking for more risk, for more yield.

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Anonymous Author
I'm very optimistic. From a financial standpoint, '21 is going to be an epic year. With all the other problems we are having in this country and in the world, I'm not commenting on those, but from a financial or financial capital market standpoint, it's going to be an epic year. Capital markets being stock market, equity markets. Economy? I don't know. It's very divergent unfortunately, in many ways. With the current stimulus, which is almost $2 trillion, along with the prior stimulus packages, there's a lot of liquidity being pushed, bottom up, so that may affect certain things. But from a capital market perspective, SPACs, which are the special purpose acquisition companies, are just one sliver of the overall market and that's almost $250 billion. There's a lot of capital coming from there. And venture is another one, which is usually, in the US, around 80 billion. Then there is the growth equity, and then the private equity, then the mutual funds. And these are all growing with 10x numbers, right? Mutual funds are in the trillions. Private equity is 100 billions. And venture is barely in 100. So with all the capital coming into the market and with the 0 interest rate environment, people are looking for more risk, for more yield.
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Anonymous Author
Yeah. I remain optimistic. Simply because I think we've gone through a pretty insane year, where the economy and the world turned upside down. Despite that, ultimately the thesis that the world is kind of being driven by software holds true, irrespective of what your opinions on where some of the technology companies are or where they stand. And that's in our personal lives, as well as our professional and corporate lives. So I remain very, very bullish from that vantage point. And in terms of just what I'm seeing from an environmental standpoint, I think from a vertical SaaS standpoint, there's more industries now who have not really adopted and transformed themselves through software than ever before. There is more of that. And those solutions, technologies driving those solution sets... when you think about workplace safety with social distancing, that's tied up with robotic vision and computer vision first and foremost, and then it turned into workplace safety type solutions, being able to augment with AI and then being able to drive other safety solutions in industrial real estate. That was not previously the case for many years. So you're seeing that in stuff like agriculture and construction and even more in healthcare. So there is a much greater adoption of technology being embedded, and that's going to be done by innovative companies at the early stage, so I continue to see that at a pretty ridiculous pace. And I think that's happening globally and definitely right across the US as well. So I remain optimistic on the technology industry, because I think it's going to be required. I wouldn't even consider it innovation. This is required stuff. There's a forcing function of companies to uplevel, and it's going to be driven by software. It's not going to be driven by anything else.
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Anonymous Author
Yes, optimistic for sure.
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Anonymous Author
I'm always optimistic and 2021 is right up with enthusiasm for a better and stronger year. We will get beyond 2020 and move closer to a successful 2021 and an even more successful 2022.
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