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pets.com was valued at $400 million based almost completely on its domain name. That's the classic example. People were throwing buckets of money at any .com th
by JohnMakin 2y ago
pets.com was valued at $400 million based almost completely on its domain name. That's the classic example. People were throwing buckets of money at any .com that resolved to a site and almost all of it failed. I'm not sure how that doesn't meet the definition of over-hyped. It feels very similar to now. Not even to mention - the web largely doesn't consist of .com sites anymore, it's mostly a few centralized sites and apps.
- dmix 2y agoWasn't that mostly from public markets which never invested in tech before?
- infamouscow 2y agoThere is a graveyard of hardware companies from the 70s, 80s, and 90s.
- zkry 2y agoa lot of which were founded on the promises of AI: symbolics, thinking machines corporation