You may vote me down but this reminds me a great deal of how things started to feel right before the last dot.com crash circa 2001. I imagine most of you are too young to recall it, but before we hit the end programmers were worth more than gold. You'd get kids who didn't even finish this CS degree looking for stock options, aeron chairs and other perks (...and do you have a sushi chef on site?). And small companies gladly did this because even getting a warm body was better than not.
And then it hit. First one company and then the next. Each week you'd read about another 100 people being laid off. You knew that even if 1 in 10 razorfish employees were decent that 90 amazing people were now hitting the streets. Our guilty pleasured was reading f*ckedcompany -- a website that just covered the daily implosions.
I hope that history won't repeat itself on that scale, but that said this point in time feels like that point in time. I see other signs too: For example a German car company just opened up a VC fund. I know that Facebook could be the next Google, yet I was recently shocked to see a content farm go public. With any luck the rest of the economy will recover to buffer an industry stumble, but you never know.
And then it hit. First one company and then the next. Each week you'd read about another 100 people being laid off. You knew that even if 1 in 10 razorfish employees were decent that 90 amazing people were now hitting the streets. Our guilty pleasured was reading f*ckedcompany -- a website that just covered the daily implosions.
I hope that history won't repeat itself on that scale, but that said this point in time feels like that point in time. I see other signs too: For example a German car company just opened up a VC fund. I know that Facebook could be the next Google, yet I was recently shocked to see a content farm go public. With any luck the rest of the economy will recover to buffer an industry stumble, but you never know.