"Tech" is another way of saying "risk" in the eyes of investors. When the yield curve inverts, it means investors - as a herd - are turning away from risk in the short term. Tech being a manifestation of risk is going to take a short term hit in the form of more difficult capital raising.
It's probably too early to roll this out, but for those who didn't live through 2008, I present Sequoia Capital's "RIP Good Times" deck from that period:
For me that Deck basically says what I think will happen now and what happened in 2008. Some people will lose money, governments will panic, people with normal jobs will have a harder and harder time and people in IT will get richer as if there is no recession even happening.
It will also push automation to happen much faster meaning an even bigger underclass of people.
And finally you will still be able to raise shedloads of money (if your business is good) but it will cost you more of your business. Poor you.
It's probably too early to roll this out, but for those who didn't live through 2008, I present Sequoia Capital's "RIP Good Times" deck from that period:
https://www.dropbox.com/s/2m3d0s0n2q8a23z/RIP%20Good%20times...