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Yes and no. I remember the dotcom boom-bust a bit, although I was a child at the time. I think a lot of crypto and web3 stuff is where the dotcoms were in the 9
by Mezzie 5y ago
Yes and no. I remember the dotcom boom-bust a bit, although I was a child at the time. I think a lot of crypto and web3 stuff is where the dotcoms were in the 90s: A lot of people chasing the money and who are aware that this is a Big Deal but we haven't figured out the specifics so everybody's rushing in because of first-mover advantage.
FAANG and dev positions in general, though, I think people are treating like they used to treat being a doctor/lawyer/accountant: It's a good, steady living and it will always be around. That's very different from the dot-com boom, which was way more a gold rush, even at the entry level. ("They're willing to pay HOW MUCH for the stuff I was playing around with?") Somebody who started at Google in 1999 (or Amazon, or even FB in 2006) is very different than most people entering those companies now. The dotcom was high risk high reward like modern web3/crypto, whereas modern swe positions are low risk medium high reward, which makes them great for people who are more risk averse for whatever reason.