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2001 saw the crash of a startup and technology bubble, so it was brutal for startup companies moreso than for the economy as a whole. Although the 2000s saw an
by time_management 18y ago
2001 saw the crash of a startup and technology bubble, so it was brutal for startup companies moreso than for the economy as a whole. Although the 2000s saw an increasing number of technology startups, this change was based on fundamentals rather than a bubble, per se.
The 2008 crash is worse than 2001 from a broad-based, whole-economy perspective, but since the bubble's been in real estate and finance, it's the people in those industries who are going to get hurt the worst, not startup entrepreneurs. It's going to be like 2001 for investment bankers and real estate agents, but not as bad for technology.