For people who grew up in the 1980s, the entrepreneurial spirit was naturally instilled in them. Perhaps it was part of the ethos that their Baby Boomer parents had taught them as they grew to adulthood.
Or it may have been that growing up during the Reagan years and the era of “voodoo economics” showed them that hard work and diligence are the keys to success. No matter what kind of conditioning occurred, many of the tech-minded individuals who grew up in that time moved on to create some of the greatest advances in recent history.
Others fell through the cracks during the dot-com crash of the late 90s. However, some of those who failed back then are seeing a resurgence of some of the things they developed those many years ago. Let’s take a look at them.
Coming of age in the 90s
Those new college graduates came in with a head full of steam, ready to make success happen for them. Computer geeks, technical engineers, and hardware specialists pushed to create a technology boom in the 1990s.
With the invention of the Internet, this boom would come to be called the Dot-Com Era. Thousands of computer scientists set up the structure for what everybody now surfs online every day. Those were prosperous times for all, and the only apparent cloud looming overhead was that pesky Y2K thing.
The rise and fall of a generation
As the final decade of the 20th century came to a close, saturation brought the downfall of that generation. Many of the dot-com entrepreneurs found themselves with more competition than they expected to face.
Some of the larger companies simply bought out the smaller ones in order to crush them. Those were the dark days of the Dot-Com Era, and like any backlash due to oversaturation, many firms began to fail. There followed the infamous Dot-Com Crash that sent many technology companies to the ash heap.
Into the future
With the passing of Y2K, many former CEOs and executives of small companies took jobs in the firms that survived the cybernetic apocalypse. The network technology they were working on in its developmental stages would become a full-blown industry.
Enterprise systems were being set up all over, and these Dot-Com enterprises started to make things happen again.
The new “Dot-Com Age”
With the decline of the economy the Dot-Com generation of IT professionals have come to rely on their skills to find new work. Using the entrepreneurial spirit they developed about twenty years ago, they have now become part of the new wave of technology startups.
In the fashion of the earlier Dot-Com Era, these startups get underway small and build from the ground up. With the integration of the Internet and networking technology, they are once again the drivers of technological advancement.
As the Dot-Com generation nears retirement or even takes it early, they become mentors and the inspiration for younger technical upstarts who find the real world beyond graduation to be a harsh place. Work is not as readily available as they had expected; positions are filled swiftly and held on to dearly.
It’s this need to create work where the new generation of technicians, engineers, and scientists can look at the Dot-Com generation and build upon what it accomplished.