“What [the dot-com bubble] made clear to me was that the marketplace and what was actually going on in the world of software development were two very different things.”
All Anthony Pereira, founder and CEO of Percentile, had wanted to do was build software and write code. That took him to the frontlines of two industry crises: he worked for a tech company during the dot-com bubble and a bank during the financial crisis. During the tech bubble, he saw paper millionaires get wiped out when his firm’s stock went from $300 to $6. With that came the realization that people really can just get carried away. That fact was again hammered home during the Lehman Brothers bankruptcy, when Pereira witnessed banks and other counterparties struggling to figure out their exposure to Lehman.
In this video, Pereira talks about what he learned from the rollercoaster ride of the last 20 years.