Has Silicon Valley lost its mojo or is it just taking a breather?

The last six years have been remarkable for Silicon Valley. The launch of the first iPhone in 2007 accelerated the pace of disruption and had the kind of impact on consumers and businesses the dot-com bubble once promised but failed to deliver. Cloud. Mobile. Social. These three trends intertwined to make for heady times in Silicon Valley. And yet, suddenly and quietly, the adrenaline rush is gone. During the first half of this year, the tech industry has lost considerable momentum. It's not exactly a bust. There isn’t a cataclysmic crash like the dot-com era, which seemed to crumble in a blink. Instead, things have slowed way down. Growth is slipping away, and in some cases, sales are now shrinking. Which makes me wonder: Has the tech industry lost its mojo? Or is it just pausing to catch its breath?

[Aug 11]