(if I'm correct in my admittedly superficial understanding of his work)
Although that's probably not what the article's author had in mind when writing it, and I think it's a bit tangential to the feeling that I get too that there is a bit of froth in the market.
I'd agree with you that there's plenty of room out there, but offhand, I'd say the question to ask is whether the "width" of what startups are working on is growing proportionally to the number of startups, rather than simply the "depth" (people working on similar things).
http://en.wikipedia.org/wiki/Ronald_Coase
(if I'm correct in my admittedly superficial understanding of his work)
Although that's probably not what the article's author had in mind when writing it, and I think it's a bit tangential to the feeling that I get too that there is a bit of froth in the market.
I'd agree with you that there's plenty of room out there, but offhand, I'd say the question to ask is whether the "width" of what startups are working on is growing proportionally to the number of startups, rather than simply the "depth" (people working on similar things).