3 ms·
I don't know if this is just the start of a bigger thing, but this is nothing like 2008 for sure; in 2000 I was around but didn't work in tech directly so it af
by dvirsky 4y ago
I don't know if this is just the start of a bigger thing, but this is nothing like 2008 for sure; in 2000 I was around but didn't work in tech directly so it affected me less. 2008 was a complete panic, people thought it was literally the end of the financial world as we know it, the market collapse was just the tip of the iceberg.
In 2008 I was working at a start-up that had plenty of cash, but pretty crappy investors who panicked and decided they want their money back, and through the board forced the company to basically shut down, didn't even pay us our last paycheck or the severance required by law in my country. So I found myself unemployed (with a baby BTW), my wife was also laid off, we pretty quickly had to withdraw money from our not-that-big savings, my company was car gone and I needed a new car, and no company around even thinking of hiring. It was extremely scary. I did some freelance work for a couple of months, then found a job at a pre-seed start-up that managed to scrape a couple hundred K somehow, and got by for a bit. After a year things started to turn around and things went great up until now. But it was really traumatic.