The Rise And Fall of the "Tech Bro"

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#tech #business #career

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Before the year 2000, if you wanted to make a lot of money in a predictable career you needed a nice suit and an important looking business card. Your options where finance, medicine, law or senior company management if you were lucky.

But then… just a few years later at around about the same time as those people in their fancy suits were blowing up the global economy a new breed of millionaire was entering the mainstream.

They replaced the puffer vests and Bloomberg terminals with flip flops and vim terminals…

Tech bro’s worked fewer hours, had better perks and in many cases made better money than their peers in more traditional high-income roles…

What’s more is that people didn’t hate them…

Executives, bankers and their fancy lawyers were rightfully blamed for enriching themselves by leeching off a broken system that cost people their homes, their jobs, and their futures…

Meanwhile people loved the idea of hacky sack playing nerds making millions by actually making stuff that improved our lives…

But now… 15 years later the tech bros became everything they promised to destroy… and they kind of destroyed themselves in the process…

For a while you could have a great degree of confidence in becoming filthy rich by putting in a few years at a major Silicon Valley tech company… but this all relied on a stream of money that wasn’t coming from nowhere…

Venture capital, the firms that ACTUALLY invest in early-stage start-ups to develop their new technology NEVER again actually reached the level of financing it did during the dot com bubble.

That was… until something changed in 2021…

So it’s time to learn How Money Works to find out how Tech Bro’s ruined tech for themselves…

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Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out.

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