I wrote a new Piñata letter this week after GigaOm’s collapse. The company was, by most recent accounts, financially mismanaged. But that mismanagement has left dozens of people out of work, and we don’t have any sense of the economic impact of technological disruption and over-leveraged investments in the industry on the workforce.
But we know it’s happening.
I received about a dozen replies from young journalists, mostly under 28 years of age, who said that the current collapse of traditional business models for the industry has created unnecessary trouble for them, professionally.
I think we need a much more thorough economic analysis of how disruption is impacting entrants to the workforce. There is too much focus on the asset owners and administrators.