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Dot-Com Craze Peaked 10 Years Ago This Week
netbuzz writes "When the NASDAQ stock index hit its all-time high of 5,133 on March 10, 2000, it had more than doubled in a year and the dot-com bubble was already leaking in a big way. A week later the NASDAQ had fallen 9 percent. A year later it was below 2000. Gone were such poster children of the era as Pets.com, Kozmo, and — who could forget? — Whoopi Goldberg's Flooz. Here's a look back."
GoDaddy said these .info domains were the future! And they let me have one for the low low price of $1.99!
I still have, in my office, my pets.com sock puppet (still in box), the business cards for Petopia.com's CEO and CFO, my webvan box, and most precious, the receipt for 1 pack of lifesavers (5 flavor, $.48) delivered by Webvan for no-charge.
Ahh, those were good times...
Test your net with Netalyzr
Actually, my experience from working tech support here in Sweden in the years after the dot bomb was that a lot of the incompetent ones entrenched themselves in "safe" positions and focused on job security and climbing the corporate ladder, it's amazing how many completely inept "senior" sysadmins there are that need to call in an expensive consultant just to make basic configuration changes to systems that they're supposed to be experts on.
Greylisting is to SMTP as NAT is to IPv4
I'm pretty sure that I was head of IT for a non-profit medical marijuana club in San Francisco.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
I had a similar, unfortunate, experience.
I studied computer science because I loved using computers since I was in first grade, even though I never owned one until a few months before graduating HS. There was just something about their flexibility, and capacity for automating tasks that appealed to me.
When I chose CS as my major in college, my friends were all telling me that I only needed to study for a couple of years, apply for a few jobs, get competing offers with huge salaries and signing bonuses, and I would be set. This was based on the experiences of their older brothers, cousins, etc. As a result, I thought nothing about all the loans I was taking out to attend university. It wasn't that I was greedy, I just couldn't get a full scholarship, and my parents couldn't afford to give me a dime, so if I was going to continue my education instead of working right out of HS, I would need a lot of loans.
Then the bust happend, and I spent my summer of 2001 working helpdesk for a government agency. In 2002, I couldn't even get a summer job, and lived off $250 a month leftover from my loans that year, with $200 going toward rent, ~$35 toward utilities, and ~$15 toward food. Not even a fast food joint would hire me. In 2003 I didn't even bother looking for a job, because it was preferrable to be scraping by and deal with more debt when I graduated than to face the impossibility of finding a job. When I graduated in 2004, I jumped at the first job I could get, which was desktop/server administration, intranet maintenance, and helpdesk in a 3-man IT shop for a very non-technical company. It paid the bills for 3 years, and allowed me to support my wife while she attended university. Toward the end of the third year, I was offered my first development job, working for a small company that was bought (a week later) by a mega-multinational.
Now things have turned around, I am earning twice what I was earning at my first job out of college, and my $105,000 in school debt is well under control. My wife graduated from school, and is earning a very nice sum too. Sure, she has $40,000 in school debt, but five years of scraping by together has taught us how to live well below our means; and with our combined salaries (and no kids) we have considerable means.
If the "golden years" never occured, I would have ended up working at a video store straight out of HS, spending all my money on video games, and living with my parents. I never got to experience the era, but it gave me the courage to take a bold risk and become the first person within my family (immediate and extended) to attend college. Sure, it was a rocky road, hiking through the rubble that was the dot-com bust, but I made it through in the end.