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Hang in there, everyone. This is what happens when interest rates are high, LPs prefer to plow money into fixed income or public markets and VCs with what littl
by aiisahik 3y ago
Hang in there, everyone. This is what happens when interest rates are high, LPs prefer to plow money into fixed income or public markets and VCs with what little funds they have prefer to be in AI. 2011-2022 was an unusual golden age for software engineers with 2021 being the absolute peak. The current state is an usual low while the overdose is wearing off.
This is not you - this is just the nature of the cycle. You got to enjoy the high but how you have to survive the lows. Conserve cash; do work for comp that you once thought was once below you. The good times will come again. Don't get too down about it but also don't get too stubborn about maintaining what you once had.
- angarg12 3y ago> You got to enjoy the high but how you have to survive the lows. But I have been in the same employer for the last 6 years, so I didn't get to enjoy the high :/
- fundad 3y agosome people get high on 6 years of steady employment. Are you still working there?
- layer8 3y agoUltra-low interest rates like in the past 15 years are historically an anomaly: https://upload.wikimedia.org/wikipedia/commons/3/3f/Federal_funds_rate_history_and_recessions.png https://upload.wikimedia.org/wikipedia/commons/3/3f/Federal_... Nobody knows how it will develop in the future.