Lessons Learned From The Dot Com Shakeout
from the build-a-real-business dept
This theme seems to be popping up a lot lately. Companies might have been better prepared for the dot com shakeout if they'd built a real business rather than just spent all sorts of money on hype.
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Did the world lose the ability to understand sarcasm when the Nasdaq died?
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To recap, these firms were never supposed to have a business model. They were simply "fronts" to make stocks. VC and insiders sold their shares and retired, and as a nice side effect, the country could have something fun to do with their new internet connections and profits from the mid 90's tech bull market....daytrade!
I've never met a person who thought these were supposed to be real companies that would make money, lol!
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