4 ms·
That is not how the dotcom bubble burst. Internet usage was growing fast before, during, and after the bubble. The bubble was about silly investments into it th
by codingdave 1y ago
That is not how the dotcom bubble burst. Internet usage was growing fast before, during, and after the bubble. The bubble was about silly investments into it that had no business model - that investment insanity is what burst, not overall usage.
- rco8786 1y agoI think I am saying the same thing. My comment about "underused" should have been "underused relative to the investment dollars pouring in"
- satyrun 1y agoMany of the business models were good too but they had the timing wrong. Petfoods.com IPO for about $300 million. $573 million adjusted for inflation. Chewy is at a 14 billion market cap right now. I think comparing LLMs and the dotcom bubble is just incredibly lazy and useless thinking. If anything , all previous bubbles show is what is not going to happen again.
- rco8786 1y ago> I think comparing LLMs and the dotcom bubble is just incredibly lazy and useless thinking. If anything , all previous bubbles show is what is not going to happen again. Curious to hear more here. What is lazy about it? My general hypothesis is that ~95% of AI companies are overvalued by an order of magnitude or more and will end up with huge investor losses. But longer term (10+ years) many will end up being correctly valued at an order of magnitude above today's levels. This aligns perfectly with your pets.com/Chewy example.