Would you mind sharing your stories?
Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
1–10 of 33 posts
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#2I was in college at the time. I remember people saying during that time, once you graduate with a Computer Science degree, you'll get 45k a year starting salary, easy!
And then the bubble popped and they were like "Oops! Nevermind!"
Nowadays that number seems low.
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#3A magazine (Fortune, The Industry Standard?) ran an article about the declining prices of dotcom IPOs and included the sentence, “It can go down to zero.” That was correct.
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#4The highways were empty and I spent my time playing Vampire LARP in downtown Palo Alto , or talking with my friends about larping. There were no jobs anywhere and I almost moved out of state. However, I decided to stay and take the consequences. It worked out for me, but I occasionally see some people I knew from back in the day. They never bounced back.
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#5Do you think we're in a bubble and it'll burst?
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#6pink slip parties
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#7I went through the whole dot com boom and collapse. The weirdest thing was driving on 101 during rush hour and it being empty.
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#8The highways were empty and I spent my time playing Vampire LARP in downtown Palo Alto , or talking with my friends about larping. There were no jobs anywhere and I almost moved out of state. However, I decided to stay and take the consequences. It worked out for me, but I occasionally see some people I knew from back in the day. They never bounced back.
How long did it remain empty? Did real-estate prices crash?
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#9oh man, there was a lot going on back then. enron's rolling blackouts in california, 9/11, gray davis' recall, my roommate telling me that now was the time to invest because there was no way tdfx could go lower ...
what a time to be alive.
Re: Ask HN: What was it like when dot-com bubble collapsed during 2000-2002?
#10I was in college at the time. I remember people saying during that time, once you graduate with a Computer Science degree, you'll get 45k a year starting salary, easy! And then the bubble popped and they were like "Oops! Nevermind!" Nowadays that number seems low.
I was 18 in 2001 and started my first job as a programmer at the nadir of the bust (October '01).
I got the job via some personal contacts, it was in an academic institute and I was making barely over minimum wage (probably why there wasn't much competition for it). It wasn't really even an open position but when I asked around they had the budget to hire someone to help the physics phds with their non-research tasks.
I started studying CS at uni the next year ('02) and it was much easier to get in than previously, cause there were far fewer applicants. By the time I got my first job with a more decent salary it was 2005 and the worst of the bust already cleared away - so I guess I somehow managed to skip it altogether.