4 ms·

This is the most useful thread in HN in years. As someone who started his engineering career after the burst, is good to hear the experiences (good ones and ba

• wayoutthere 7y ago
  This bust will be very different than the first tech bubble. The first tech bubble laid off a lot of folks working for small (<50 people) startups. This next one is going to hammer the giants. It's going to really hurt. Most of the valuation of big tech companies came from their terminal value (which was unknown for a long time because the business models haven't been proven). That value is now better known, but valuations haven't come down to earth because there has been so much foreign money flowing in to the US because investors just have nowhere else to put it. The other unknown in all of this is the student debt bubble. I have a feeling the next recession is going to trigger a wave of bankruptcies as the knowledge workers that will get laid off will no longer be making payments on their student debt.
  • chrshawkes 7y ago
    You can't bankrupt out of student debts in the USA.