1083

As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

you are viewing a single comment's thread
view the rest of the comments
[-] Chetzemoka@kbin.social 21 points 1 year ago

Well there are two of us right here in the comment section. I had a great job at a startup online retailer. They had a good business model, it was a great place to work.

We had been beating our sales projections and were only a couple months away from being profitable when the Sept 11 attacks happened. Within two weeks, our VC funding stopped and we were all out of jobs because the company owners had to choose between paying rent and paying us. They chose to pay us all severance, bless them for that.

Thankfully I was young, didn't own a house, didn't have kids. But a lot of my colleagues did.

this post was submitted on 13 Aug 2023
1083 points (96.2% liked)

Technology

59583 readers
3440 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS