Bubble here, Burst there? All bubble & burst mean is more opportunities. Yes. you heard. This Tech Startup Stuff is just like real estate. People make money when the market is hot, but people make more money when the market is fucked up. Why? Because everyone else and their cousin are scared and know someone who lost all their savings. If you see startups shutting down and former entrepreneurs looking for jobs, do yourself a big favor, KEEP GOING or START YOUR STARTUP. Those who made money after the market crash of 1929 were not who sold the days before, but those who bought the days after.
I can agree that there are opportunities both in busts and booms. However, nobody wants to be working on an over-hyped project. And it would definitely be helpful to know if you are.
Even if your startup is solid, knowing the condition of the market is still important. For example, if there is a bubble, a profitable company might want to seek financing before it "bursts." You'll get a higher valuation, and therefore give away less equity.
Sure, you shouldn't let worries about "bubble 2.0" prevent you from starting your company. But it'd be foolish not to try to learn from the mistakes made in the '90s.