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I started a company in Pittsburgh in 2000. In 2001 we were able to hire CMU CS grads at $35K a year ($45K in today's dollars). Less than 1/2 what we would pay t
by pesenti 11y ago
I started a company in Pittsburgh in 2000. In 2001 we were able to hire CMU CS grads at $35K a year ($45K in today's dollars). Less than 1/2 what we would pay today.
- ryanSrich 11y agoSo the article is completely wrong in saying that employees weren't hurt in 2001, only VCs.
- bdcravens 11y agoThe article doesn't say that. "Unlike the 2000s, VCs will not be in the line of fire. Employees and founders would take the fall." Employees and founders were in the line of fire in the 2000s, but unlike last time, the VCs won't be joining them.