So, presuming this will all burst at some point... what would you do to protect yourself? What if you want to stay in software, even if it drastically shrinks, or wages contract?
How did we survive? Skills, connections, and some luck. It wasn't that everything vaporized, just a lot of fluff companies built on VC with no profitable business model. Just as when times were good a lot of unqualified people got into the business, when it imploded they got out.
About right. Myself and many others made it through the dotcom boom simply by working at companies that seemed to have rational business models and were diverse in their interests. They never pegged their entire existence on one product or industry.
How did folks survive the DotCom bust?