999 karma · joined March 28, 2014
Disclosure: I wrote it.
It's very plausible that there could be a bubble, but just to give some context, the cryptocurrency market is valued at $68 billion dollars. The Bloomberg US Internet Index went from $2.948 trillion at its peak to $1.193 trillion. We are nowhere those types of valuations.
Viktor came up with the theory of Logotherapy which in a nutshell has 3 parts:
- Life has meaning under all circumstances, even the most miserable ones.
- Our main motivation for living is our will to find meaning in life.
- We have freedom to find meaning in what we do, and what we experience, or at least in the stand we take when faced with a situation of unchangeable suffering
https://www.amazon.com/Mans-Search-Meaning-Viktor-Frankl/dp/...
Companies like Hired & AngelCo are taking a marketplace approach to the hiring process. Arguably, the biggest issues with these processes is that you can't attract passive candidates.
If you can figure out a process that attracts passive candidates, you will win the recruiting industry. I think companies like HackerRank are in the right direction by being a platform for recruiting, but not in an overt way.
A lot of developers use HackerNews, but not for the recruitment aspect, but YC companies have an advantage because they can post to the job board.
As a developer, why would your job board be a massive difference to recruiters/companies? Chicken and Egg problem, but with subtle differences.