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People really forget what it was truly like in the 90s. If you could breathe and knew how to turn a computer on, you could get a job in tech. The hiring was tha
by busterarm 2y ago
People really forget what it was truly like in the 90s. If you could breathe and knew how to turn a computer on, you could get a job in tech. The hiring was that desperate and that easy. The fundraising was that easy too. Everyone just assumed that you even knew what a computer was that you could figure the rest out.
That all changed with the Russian ruble crisis, which hit finance first late in '98 and then took another year for its effects to start hitting the tech industry hard. By 2001 the game was up and it really took until the 2010s to turn around.
Actually in the late 00s and early 2010s it was actually really gross and sort of like crypto. I remember a lot of smooth talking dudes around NY who were raising all kinds of VC money and doing _nothing_ with it but finding shady ways to spend it on themselves/drugs. The money was free and the accountability was absent. That era really didn't last more than about 3-5 years.
- localfirst 2y agoYou know something about this? It's just money being moved around between the rich, middle class and poor. Each cycle ends when that resource extraction is complete (or rinsing).