this post was submitted on 13 Aug 2023
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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.

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[–] [email protected] 20 points 1 year ago (1 children)

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.