Hmmmm, the last bubble deflated in a similar way... despite some big bangs it never really 'popped' all at once. Instead there was a prolonged period of slowly

Hmmmm, the last bubble deflated in a similar way... despite some big bangs it never really 'popped' all at once. Instead there was a prolonged period of slowly deflating companies (all of 2001 really, yet the decline started in May 2000), with investors scrambling to reduce the burn rates and companies slowly running out of money and/or fools to invest in later rounds. I was in the VC biz back then. Traveled the world to save what was left, sell what we could, hoping against hope that it was just a temporary slump. Ultimately we failed miserably. Lost my shirt and my life savings, so it's safe to say I wasn't a very good (prescient) investor... (I blame my nerd-core) Note: there is one big difference with the last bubble: some of these companies actually make serious money, whereas at the time this often wasn't the case, but I feel that's merely a function of the role of the internet in our present-day lives. The crazy P/E ratios from back then still exist. FB, GRPN, ZNGA et al. are hopelessly overvalued. Edit: added some details.