Investors, entrepreneurs and people across the tech industry are partying like its 1999, but this time the music isn't likely to stop.

It's a boom, not a bubble. We are in the midst of an extraordinary flowering of creativity and invention in technology, centered around the Internet. And unlike the last time, when the party came to an ugly halt in early 2000, this time the inventions are mostly going into the market and helping people build profitable, sustainable businesses.