I am hearing some familiar stories.
Software developers are switching jobs every few months.
A few start-ups are getting hundred of millions of funding without any revenue.
In fact, in the case of one start-up, the job applicants are not allowed to see the product the company is building. This company has the backing of all of the big name venture capital firms. The amount of funding this start-up received is astounding.
But, I feel that I have seen this movie before. Webvan is a name coming into mind.
When job applicants are chasing the next IPO and venture capitalists are throwing money at start-up with no proven business model and revenue, it’s time to get concerned.