[rhino369]

You are only considering direct effects of a bubble bursting. But those burned VCs will be skiddish in investing in new start ups.

All the VC money that is driving huge growing in SV may disappear for a while. A lot of the money won't come back. This means unemployed people, which means pay falls for everyone.

It means less small VC fueled companies buying services that more established companies sell.

So yea it might not crash the S&P500 like 2000 did, but it would still have a huge impact within tech companies.