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I actually agree with this.. I tried to think back about the dot.com era (which some people refer to as a bubble. If you think about it, the dot com bubble neve
by n_coats 15y ago
I actually agree with this.. I tried to think back about the dot.com era (which some people refer to as a bubble. If you think about it, the dot com bubble never burst. It is still alive and if anything, has allowed the amazing platforms we have today to materialize from something. Perhaps the insane growth has somewhat mellowed, but the dot.com era never blew up (destruction blow up, not growth haha). The dot.com era and our current entrepreneurial/start up era are unique, but I still think they play by the similar rules that any business, product or service goes by. They'll be created, experience growth, begin to mature and then possibly (with no regard to adaptation) decline or slowly die out. It's up the people behind the companies how long it takes and how much traction they can establish in each phase, which is where the true entrepreneurial skills shine.
Just a few points that come to mind after this article, not saying they're right or wrong.. but thanks for getting the mind cranking!
- raffaelc 15y ago"If you think about it, the dot com bubble never burst." the NASDAQ went from over 5000 to under 2000. how can this be characterized as anything other than a bubble bursting?
- n_coats 15y agoYou're right, market values dramatically declined.. but you have to include other variables such as 9/11. The market was its worst in 2002 and one would have to think that without the repercussions on the market from 9/11, things wouldn't have been nearly as bad. The market went on to rebound and soar very high for the next 5 or so years and then our current situation began. Case and point, the dot.com era experienced a decline in product life cycle growth as it transitioned from its growth to maturity stage (and of course, the events that took place on September 11th didn't help either).