In what way? There are a ton of different ways to answer this question. To raise money? Get a job?
Overall, the pendulum swung too far one direction (in excess) and then as it always does, swung too far back causing a depressed market in a lot of ways.
Talented developers still had jobs and could find work, albeit changing jobs took longer and pay/benefits were obviously affected, relocation became tough to get except in specific cases. But all the outsiders trying to make a quick buck exited or were tossed out and most stayed away for quite a long time, which to me has been a good thing.
Raising money became quite difficult but was still possible.
There was a lot of hype around things that weren't really issues, and a lot of glossing over things that were issues.
Enterprise work was the refuge for a lot of developers as it provided stability, solid pay and benefits.
If you are trying to compare it to now, IMO there are a lot of things that are similar and a lot that are very different, so I think its hard to predict what will happen. If you look at the US economy and history you will see a lot of boom/bust cycles, so it wouldn't shock me if we had a bust of some sort within the next 4-5 years.
Overall, the pendulum swung too far one direction (in excess) and then as it always does, swung too far back causing a depressed market in a lot of ways.
Talented developers still had jobs and could find work, albeit changing jobs took longer and pay/benefits were obviously affected, relocation became tough to get except in specific cases. But all the outsiders trying to make a quick buck exited or were tossed out and most stayed away for quite a long time, which to me has been a good thing.
Raising money became quite difficult but was still possible.
There was a lot of hype around things that weren't really issues, and a lot of glossing over things that were issues.
Enterprise work was the refuge for a lot of developers as it provided stability, solid pay and benefits.
If you are trying to compare it to now, IMO there are a lot of things that are similar and a lot that are very different, so I think its hard to predict what will happen. If you look at the US economy and history you will see a lot of boom/bust cycles, so it wouldn't shock me if we had a bust of some sort within the next 4-5 years.