“And to be here for the beginning of the second wave of dot-coms
, remembering what we all learned back in 2001, creates an incredible opportunity for dot-com
entrepreneurs and The Idea People to partner to create strong, vibrant, niche-oriented Internet business models that can be successful for the long run.”
In fact, the firm's growth and diversification mirror that of New York City in the last 20 years--from the financial sector boom of the 1980s to growth in the early 1990s of the commercial, retail, education and healthcare markets and later of the dot-coms
and the emergent technology companies.
"We gave this great party but nobody came, and part of the problem was that when the dot-coms
started to lose their glamour, the public also changed its mind and decided to play it safe by using a broker," said Martin.
The survey showed that 22% of the 1,842 dot-coms
launched in 1999 and backed by venture capital have gone bust without paying any money to investors.
Like most dot-coms
, the pretend site doesn't generate any revenue.
Things have improved lately, but the shakeout continues, with 54 dot-coms
failing during the first quarter of this year.
Making fun of dot-coms
is like shooting fish in a barrel; even a confirmed idiot is bound to hit now and again.
E-commerce and dot-coms
are inextricably linked together.
Hard though it may be to recall, not too long ago the nation--or at least its chattering class--was entranced by the exuberant antics of the dot-coms
, those technophiliac start-up firms that promised to Change Everything.
The crash of the dot-coms
gets the media ink, but some tech-based start-ups are surviving and thriving.
Venture capitalist (VC) financed businesses, often referred to as dot-coms
, have provided new avenues for manufacturers and distributors to bring the product to market and make sales.
Think Warren Buffett: He never got involved with the dot-coms
, and he came out better than everyone."