2 ms·
It was a crazy time for sure. I remember going to a few of the after-work and investment networking parties in SF (I can’t remember what they were called though
by junto 2y ago
It was a crazy time for sure. I remember going to a few of the after-work and investment networking parties in SF (I can’t remember what they were called though). I’m not sure if such things still exist? You turned up, got a colored sticky badge (investor, seeking investment or neutral) and drank a lot and networked around the party.
I flew over from Europe a couple of times to meet with various dotcom startups regarding opportunities across the pond.
It was fascinating seeing the ecosystem in this bullish boom time and then also watch it collapse. I still have a large number of the physical business cards I collected at such networking events.
I remember the effect of the bubble bursting and collapse of so many of these companies as the investment money disappeared. Any projects around social topics, training and education, and other “soft” topics were first to die.
It taught me that you can only work in such verticals in a boom. You need to get out in a timely manner before the crunch comes.
Since then I’ve always played it safe. I focused on what I consider to be “recession proof” industry verticals.
It got me through the 2008 crash and I think it should now get me through this coming one.