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Ask HN: How was life for a regular dev during the dot com burst?

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191–200 of 419 posts

Re: Ask HN: How was life for a regular dev during the dot com burst?

#191
post #37

I was ~1.5 years out of college and at a small dot-com with a niche SaaS at the time. I distinctly remember 9/11 and the chill that came over our office that day. That passed in time, but our economic prospects never recovered. I used to hit the gym in the mornings and then work ~10am-7pm and I distinctly remember the day ~9 months later when the VP of engineering called me on my cell while I was finishing up my work…

9/11 was well after the dot-com crash. It didn't help, though.

Re: Ask HN: How was life for a regular dev during the dot com burst?

#192

Offered in the spirit of "don't believe everything you hear": I went into university and graduated during the post-bust winter. The few adults I knew, plus the Wall Street Journal, were unanimous in their opinion that engineering as a field was done in the United States and that all future hiring of software developers would happen in Asia. I got on a plane to Japan immediately after graduation. It's been a fun and f…

I remember a Partner from the large global consulting firm that I worked for telling me a similar story: “There is no point getting in to engineering as it will all be offshored to Asia; much better to become a project mgr that ‘glues’ delivery together”. Since that point I always regretted not doubling down on engineering and have spent the rest of my career trying to become more technical.

Re: Ask HN: How was life for a regular dev during the dot com burst?

#193
I had my H1B visa and ready to work in USA. Resigned my job. My US employer asked me not to board the flight since the job situation was very bad. That was beginning of 2001. I tried for other jobs and got a UK work permit by mid 2001. But that also went bust very shortly due to UK dot com crash. I must have been the only person with two countries work permits and without a job. Local companies refused to hire me once they saw my passport.

Re: Ask HN: How was life for a regular dev during the dot com burst?

#194
I was at the epicenter of the bust, in London consulting for boo.com, who were at least partially triggering the crash.

After some months on the beach because my company simply couldn't get the ludicrous rates they had previously been getting, I landed up joining the fledgling Shazam.

Sometimes the best time for a startup is in the teeth of a crash...

Re: Ask HN: How was life for a regular dev during the dot com burst?

#195
post #184
post #37

I was ~1.5 years out of college and at a small dot-com with a niche SaaS at the time. I distinctly remember 9/11 and the chill that came over our office that day. That passed in time, but our economic prospects never recovered. I used to hit the gym in the mornings and then work ~10am-7pm and I distinctly remember the day ~9 months later when the VP of engineering called me on my cell while I was finishing up my work…

> it turned out for the best for me Survivorship bias. What could have happened is that you spend 12 months looking for another job, nothing, you lose your house, end up on street, take some minimum wage job, never comment on HN. We don't get to see stories like that. The stories we see is where it did turn out good. That's the commonality: you must step out of the comfort zone for something good to happen. However s…

Bias entails the misrepresentation of a population, but "for me" implies that the population consists of only himself, so the term bias is nonsensical in this context.

Re: Ask HN: How was life for a regular dev during the dot com burst?

#196
If you were a regular dev - one of the majority of software engineers - you probably didn't notice it beyond news articles or the like. You were working for some company that hadn't been part of the dot com bubble and wasn't reliant on dot com bubble companies as customers.

Re: Ask HN: How was life for a regular dev during the dot com burst?

#197
post #156

I had a summer internship at HP while I was in college. (I graduated in 1992.) When I graduated, the assumption/expectation was that they would offer me a job. They hesitated, and a manager who was unusually nice to me explained that HP hires people who will stick around for many years -- and thus, they weighed every hire carefully. He went further and said that several years before that, when there had been a recess…

Yep. High CEO salary, especially in startups, is a big red flag. Typically, C-suite/founders in startups should be paid enough to live on or $0 if they're already rich.

Re: Ask HN: How was life for a regular dev during the dot com burst?

#198
post #37

I was ~1.5 years out of college and at a small dot-com with a niche SaaS at the time. I distinctly remember 9/11 and the chill that came over our office that day. That passed in time, but our economic prospects never recovered. I used to hit the gym in the mornings and then work ~10am-7pm and I distinctly remember the day ~9 months later when the VP of engineering called me on my cell while I was finishing up my work…

I know of one company that actually managed to pull off the pivot thing! https://en.wikipedia.org/wiki/TippingPoint They switched from an internet appliance (kind of like an early Chromebook) to smart deep packet inspection firewalls. Not a ton in common between those except that they both require hardware to be built. If I remember right, local lore was that they pulled it off partly by realizing early that they nee…

Didn't slack start as a game studio? https://en.wikipedia.org/wiki/Slack_(software)#History

Re: Ask HN: How was life for a regular dev during the dot com burst?

#199
post #37

I was ~1.5 years out of college and at a small dot-com with a niche SaaS at the time. I distinctly remember 9/11 and the chill that came over our office that day. That passed in time, but our economic prospects never recovered. I used to hit the gym in the mornings and then work ~10am-7pm and I distinctly remember the day ~9 months later when the VP of engineering called me on my cell while I was finishing up my work…

I graduated from college and entered the industry just post-bust (early 2002.) I went to work for a company that had, 6 months prior, laid everyone off and decided to pivot with the remaining VC cash. I think it took them 3 or 4 months to figure out what the new company would be. That strategy wound up being successful for them (us, I guess...)

I finished high-school in 2001 and started working straight away (before college, I continued working part time during my studies). Being cheap was probably a big part of why I got and kept that first job for 4 years! I was paid a little above minimum wage.

Re: Ask HN: How was life for a regular dev during the dot com burst?

#200
post #156

I had a summer internship at HP while I was in college. (I graduated in 1992.) When I graduated, the assumption/expectation was that they would offer me a job. They hesitated, and a manager who was unusually nice to me explained that HP hires people who will stick around for many years -- and thus, they weighed every hire carefully. He went further and said that several years before that, when there had been a recess…

I’m from Boise, where HP headquarters are. Many of my friends parents were laid off unceremoniously in 2008/9. There was a lot of resentment
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