San Francisco Bubble
Money has been close to free for years. As the interest rate ticks up everything will change. It&#x27;s already starting to. More expensive borrowing, less leverage, and better places to put dollars than venture.<p>The one thing I really agree with though is the funny thing that happens here with the word &quot;engineer&quot;. If you can make a website you somehow qualify for the title software engineer. By Bay Area standards, I myself am director level engineering talent—and I get offers for such all the time—and yet I don&#x27;t even remotely consider myself an engineer. Because I can make a website? Because I know a little python, ruby and node? Come on. I&#x27;ve never written anything that lives in a real production environment and you want to hire me as your director of engineering? Are you mad?