“Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies.”
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When I started Netscape I was brand new out of college and all the aspects of building a business, like balance sheets and hiring people, were new to me.
More and more major businesses and industries are being run on software and delivered as online services - from movies to agriculture to national defense.
Any new technology tends to go through a 25-year adoption cycle.
These days, you have the option of staying home, blogging in your underwear, and not having your words mangled. I think I like the direction things are headed.