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Will overvalued, overhyped tech firms bloat your career potential?

Will overvalued, overhyped tech firms bloat your career potential?

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Julian Parker

Sceptics calling the technology sector an overvalued industry after a couple of high profile flotation’s that left investors out to dry have been proven wrong time and time again this year as the buzz around the silicon roundabout as well as further afield continues to gather pace

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Sceptics calling the technology sector an overvalued industry after a couple of high profile flotation’s that left investors out to dry have been proven wrong time and time again this year as the buzz around the silicon roundabout as well as further afield continues to gather pace.

This has most recently been seen with Facebooks revenue soaring by 63% mainly from their mobile advertising which was non-existent two years ago.  This is early signs that serious revenue can in fact be generated from free service tech companies and maybe snapchat wasn’t mad to reject a $3 billion offer for the company after all!  With private equity and venture capital investment continuing to pour into London especially from American shores, reaching over $656 million dollars in venture capital alone as we see firms battling it out or creating the newly dubbed ‘venture tourism’ for the hottest properties on the tech scene.

So what does that mean from a recruitment point of view?  Well, the more free thinking, entrepreneurial and creative culture created in these companies as well as the prospect of gaining equity in the next facebook is luring the  top talent from the previously unrivalled stalwarts of the financial services industry.  And this shift outlook in among jobseekers is showing no signs of slowing down as investors are queuing up to make their millions on the tech business.  With the best talent looking to get into this environment, this is only going to fuel more growth in the area which has been held back over the last few years by the shortage of skilled labour. The UK economy certainly needs this grow in entrepreneurial start up and established tech firms to keep pushing new boundries and new profit streams. Far beyond bloating your career potential, this has got to be an exciting time to be part of this journey as it becomes a more and more important industry for the economy and for economic recovery.