Dot.Com To Dot.Bomb

In this talk, we went over the dot.com era, from the exciting boom to the eventual bust. The internet had just been introduced to the world, and entrepreneurs were eager to take advantage of this new technology and introduce their product into the market. Everyone knew the internet was going to be a huge thing with a lot of money to be made. They did not however truly the understand how to properly evaluate companies, and proceeded to dump billions of dollars into hundreds of companies, some of which had no plan to turn a serious profit anytime soon. This caused a saturation of the market and eventually led to the crash, where investors and regular people alike lost fortunes. It is absolutely crazy to think about some of the companies that were at the top of the market at the time, like Netscape and AOL, once worth millions of dollars, do not even exist anymore. We were in over our heads so much that we inflated the market like crazy. However, there were companies that did come out of it alive. Amazon and eBay are two examples of such companies, that are now thriving, stable, and worth billions. If they had not had good plans for their companies and moderated their growth properly in the 90s, there is a high chance they would not exist today. That’s obviously one of the biggest lessons to come out of this market crash. Growth is great, but must be done properly and honestly with some sense of direction.