Also, if I lose my money I am not in position to get bailout.
Also, shorting requires managing to not only predict drop in price but also when it will happen.
Also, I do not have large amount of money investable into risky instruments.
Bubbles don't mean the tech won't one day be great and materialize into something great.
They mean there is a mismatch in valuations/equity/debt to revenue today, putting far too much emphasis far too quickly on potential revenue some time tomorrow.
The vast majority of companies failed almost immediately.
Oh, you mean the period that is colloquially referred to as "the .com bubble?
For years the consensus on Hacker News was that the ride share companies were a bubble and it was all going to collapse. Nobody would pay profitable rates once the early discounted rides ended, everyone said.
Then the rideshare companies became sustainable and they’re accepted as a normal part of life.
Do you mean taxi companies?