[madmanslitany]

Anecdote: I'm a software developer writing trading systems at the moment at a large bank, and I've known three people at my workplace who have interviewed at NYC area startups in the past year or two. All of them received offers from at least one of the startups they interviewed with, but only one of them took it, and this was during the period of the recession when morale at the bank was at its lowest.

I think there's probably going to be some squeeze on startups, but the people willing to work for a startup are a subset of all developers out there, so the effect won't be as dramatic as this article seems to be implying. There are plenty of developers, who probably would do great at a startup, simply won't take the risk.

[hga]

Hasn't there been a lot of discussion about how people in this culture aren't likely to go for the startup culture? I can't assess it since I know nothing of the former, but the case for this sounded at least plausible to me.

ADDED: And then there's the risk of staying where you are. Some people will realize that their job security isn't great to begin with, which changes the risk side of calculations for those not paralyzed by the situation.