[bethling]

I worked for two companies in 2000-2002 that went belly up. I was lucky to not be unemployed too long during that time, but it just reinforced that I was lucky to even have a job. I didn't even think about negotiating an offer until recently. That mind set put me back so much that when I became a manager a few years ago, I saw that the company I was working for (one of the big tech companies) was paying fresh college graduates more than I was getting.

I also remember a few times where I was interviewing tech writers, and they would beg me for the job - they had been out of work for 2-3 years.

I don't think it will get that bad if the current cycle bursts. There's a lot more tech companies out there that are making money, and even if/when the VC money dries up there will be some jobs.

[sirmarksalot]

I think the main concern nowadays is that the "actual money" being made by "real" companies is through advertising, and much of that advertising revenue comes from startups doing large ad buys with VC money. I worry that if the VC money dries up, then a lot of seemingly safe business models will also dry up.

[0942v8653]

I never thought of that before—as much as I'd love to get rid of this advertising-centric business model, I wouldn't want to go through another crash.