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Agreed. I was here through both of those periods and the bottom wasn't in until the prevailing mood in the Bay Area was that tech was over, or at least the Bay
by ralph84 4y ago
Agreed. I was here through both of those periods and the bottom wasn't in until the prevailing mood in the Bay Area was that tech was over, or at least the Bay Area's dominance of tech was over. We're nowhere near that level of despair yet.
- fatnoah 4y ago>We're nowhere near that level of despair yet. Agree. Early 2000's was a nonstop litany of entire companies going under because they didn't make any money. IMHO, a fair comparison would be to look at the same companies now. Many funded, growth at all cost companies are laying people off, but we're not quite to everything (outside of crypto) going under like we were back then. Looking at big tech as the barometer doesn't make much sense to me since the dominant companies are still making massive profits, but they're just slightly less massive and/or growing less quickly. That's not an end of the world scenario like early 2000's or 2008 felt like.