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Comment by metadat | Hacker News Reader

Is it a bubble or a crash when not accompanied by a huge wave of abrupt layoffs and / or market losses? From where I'm sitting, the current phenomena appear slow moving and unfolding over such a long period of time, it's easily observable and unsurprising.

Maybe we just have a different definition of these terms?

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Layoffs have started and will accelerate.

It starts as hiring freezes and funding drying up, it ends in mass layoffs.

In a year or two the crash will be obvious, everyone will be certain investing is a terrible idea, and it’ll be a great time to invest/start a company.

Thanks for elaborating.

It's still a great time to found a company now, if you have the right idea and network ;)

It'll be a good time to start a company when people no longer want to invest?

Not all companies need huge investment, and it's a good time to start a company when a lot of companies are dead or dying, and you can step into their market and buy their assets for cheap.

sure, with what capital to hire/acquire? Investors will shut down as well

Old Market Adage: Best time to buy is when blood is running in the streets

Why would that be a great time to start a company?

Because by the time you're ready for serious investment the cycle will have turned again. Many great companies are founded in downturns (possibly just because people are laid off, possibly because money stops being a motivating factor).

Less competition for talent and market share if you have the funds. However, if you don't have the funds, it'll be nearly impossible to raise.

Facebook is not the economy

https://www.dol.gov/ui/data.pdf

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