Is AI just another tech bubble or the defining platform shift of this era?
Duncan Davidson, Co-Founder and General Partner at Bullpen Capital, argues that the answer lies in one critical distinction: Is the technology being used for its core purpose? In this episode of Technoventure, Duncan draws on his experience across the PC boom, dot-com era, mobile, and now AI to explain why real adoption signals durability.
He also explores why CIOs can’t afford to sit out a boom, how AI agents may disrupt the SaaS model, and why history suggests productivity revolutions create more opportunity than they destroy. For technology leaders navigating board-level AI pressure, this conversation reframes the question from timing the bubble to strategically participating in the inflection.
Key insights include:
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Why core-use adoption determines whether AI is hype or a true platform shift
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Why leaders must participate in tech booms rather than try to time the peak
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How to distinguish defensible AI innovation from fragile “wrapper” plays
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What historical signals indicate when a technology boom is nearing exhaustion
