These days, I worry a lot about inflated valuations and burn rates creeping up.

What I probably worry about the most is volatile public markets keeping founders from launching IPOs.

But these concerns pale in comparison to what some scientists are saying.

Listen to them and you’d think that tech progress is about to stop in its tracks.

They’re saying a momentous change is just around the corner. And that it could keep technology from advancing at its current pace.

Some of the biggest tech companies in the world say there’s no avoiding it.

This sounds serious. And ominous.

Problem is, it’s not true. Well, only partly true.

An important moment for technology is coming up. They got that right.

But not as soon as they’ve been predicting.

And, just as important, without the dire consequences attached.

The Power of Moore’s Law

At worst, technology progress may pause or temporarily slow. But that pause won’t pay us a visit for another 10 years.

That’s at least how much longer Moore’s Law will continue to drive chip performance and all the new products and businesses coming out of smaller and smaller chips.

Moore’s Law describes a simple dynamic: Smaller and smaller chips doing more and costing less.

It’s what has kept the semiconductor industry rolling along with exciting new products year after year. Since 1971, when Intel’s first-generation microchip was introduced, to Intel’s latest chip…

It has increased chip performance by 3,500 times. Has made chips 90,000 more energy efficient. And has lowered cost by 60,000 times.

But Moore’s Law is not really a law. Nor is it a prediction.

It’s more of an observation, made by Gordon Moore. Moore is the co-founder of Intel and Fairchild Semiconductor.

He wrote an article in 1965 titled “Cramming more components onto integrated circuits.” In it, he said that the number of components per chip would double every year for at least another 10 years.