[bitwarrior]

I don't think there was much debate if we were in a valuation bubble. I'm more curious how this will affect employment within the industry.

Back in 2001 we saw massive layoffs as companies which had no right to exist went out of business. While I'm sure there's a bit of fat like that around the edges (those "Uber, but for dogs" companies which existed purely out of VC funding), many of today's technology companies are profitable. Those companies are unlikely to need to go through large rounds of layoffs.

If that proves to be the case - we see valuations drop without extensive industry-wide layoffs - I believe that fits more into the "correction" definition rather than a bubble. At least in my mind.

[gopiks]

I guess first there will be a stage of denial.. already starting in VC circles... then there will be acceptance and cost controls and finally bankruptcies.. This can play out in a year or could take two..