Not to scare anyone, but myself and many of my highly capable friends were laid off after the dotcom bubble burst in the early 2000's. It took many of us 1, 2 sometimes 3 years to get back to the same level of job we had before. Prepare for a long haul. Get over your ego immediately and take whatever job you can get now, while you continue to look for work in the software industry. I drove a city bus (surprisingly to…
Still, in 2000 the situation was quite different. IT companies had been hiring like crazy based on the assumption that infinite Internet growth would require infinite resources. And then, it turned out it was all a bubble and most of the IT workforce was not needed. Right now there is not much fundamentally wrong with the economy, there is just a temporary setback because of the Corona lockdown. Things will go back t…
Raising money a year ago was so ridiculously easy, every company I had any visibility in to just threw money at every problem they encountered. Hired like crazy, to satisfy their egos, and to keep up with their peers. Growth over profitability.
I'm being hyperbolic to some degree, every company is different. And certainly no one is adding a dotcom to their name in hopes of raising more cash with less revenue. Or maybe that's exactly what Casper and WeWork and the like were doing.
I think once we get a bit more perspective (10 years from now) it'll be a lot easier to answer these questions.