In the technology world, no question comes up more frequently these days than "Are we in a bubble?" And while it's not up to us at CNBC to answer that question, we do sometimes happen upon little nuggets—data, anecdotes, tweets and the occasional wild party—that can possibly help others make their own assessments. When we do, we'll share them in a little column we're calling: "Bubble watch?"
Lost in all the chatter about the inflating tech bubble is an important detail: Most of technology's most notable names aren't participating. For the incumbents selling into the enterprise, the picture is downright bleak.
It's the flip side to the story that has the Silicon Valley's venture community giddy. The growth of cloud, big data and mobile have converged to quickly lift enterprise computing start-ups like Cloudera, Pure Storage, Nutanix and DocuSign to billion-dollar plus valuations and Box to an upcoming initial public offering. Information technology departments and corporate data centers are being redesigned and rebuilt, inviting a whole new set of vendors into the mix.
"There's a tsunami of forces that are all intersecting at roughly the same time and creating a massive set of platform shifts," said Roger Lee, a general partner at Battery Ventures, which invests in business software start-ups. These "trends are terribly damaging to the tech behemoths."