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Having been in both time periods, a distinct difference in 2021 was a sense of unreality - a company/org/large team could survive provided that they had someone
by lumost 3y ago
Having been in both time periods, a distinct difference in 2021 was a sense of unreality - a company/org/large team could survive provided that they had someone important who believed that it would be useful some day. Ultimately, I suspect this is because important people had access to effectively infinite dollars for a time. Provided that they did not have to mark down a loss.
This time period is coming to an end, we're once again looking at real metrics and seeing that some sectors of tech had none. In the end, this will probably be good for the industry - but it will be an unpleasant transition.