Today, in the Internet gold rush, so many people go into dot-com jobs right from school or even before finishing. Their motivation is understandable, but sometimes they just lack experience.
Sentiment: NEGATIVE
People don't work in a dotcom because they have to. There are many professions that don't require that sort of time. But people sign up because they want to make world-changing differences, to build something that affects millions of people.
Many dotcoms recruited people from existing companies who were quite experienced in finance, marketing, distribution and other disciplines but not necessarily experienced in the Web culture.
Many of the young aspire to happy marriages and dot-com fortunes but end up in guarded love and okay-for-now jobs.
My motivation has always been to do technology apps and companies, not making money. Just because the money's come, nothing's changed.
It was 1999, and we were building a way for college kids to create online profiles for the purpose of sharing... with employers. Oops. I vividly remember the moment I realized my company was going to fail. My co-founder and I were at our wits' end. By 2001, the dot-com bubble had burst, and we had spent all our money.
During the dot-com days, one could take just about any company public and reap fortunes. All you had to do was to make sky-high projections for growth, say you were in the Internet space, and go along with unscrupulous investment bankers and their analysts.
Many people decide to jump from niche to niche, as they cannot find success immediately with the niche that they have chosen for their online business.
The internet was supposed to make this whole business of job searching rational and simple. You could post your resume and companies would search them and they'd find you. It doesn't seem to work that way. There aren't enough jobs for experienced, college educated managers and professionals.
A lot of people quit looking for work as soon as they find a job.
I think the dot-com boom and bust represented the end of the beginning. The industry is more mature today.