PG's article is looking back at the state of the internet in the late 90's. His claim is that back then most internet advertisers were themselves VC-funded, whi

PG's article is looking back at the state of the internet in the late 90's. His claim is that back then most internet advertisers were themselves VC-funded, which made the whole thing a ponzi scheme. The first two ads I'm seeing right now in my news feed are Walmart and Banana Republic. I don't think 2016 is anything like 1998.