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[news.bbc.co.uk...]
As investor confidence in hi-tech companies revives, the BBC's Money Programme finds that more of the original dot.coms made it through the stock market crash than was once thought.
I hope they can draw some interesting conclusions as to why some failed so dramatically and why some are very successful now.
Internet business is "nothing like as exciting as 1999 and 2000 but probably a lot more sustainable"
More interesting than that anyway ;)
There was the obligatory look at the rush in early 2000 by investors and venture capitalists to create large companies very quickly and then watch them plummet in the other direction at an even faster rate.
But it was good to see that those people that that started small and didn't get too caught up in the 'yuppie rush' are still prosperous today. I especially liked the story about the Yorkshire Dairy Farmers wife who developed a website for women with larger than average bra needs ;). She had to reassign the milking sheds to a 12 strong team of administrators and sales team (poor old heffers) She is a very rich woman now and when her husband was asked if he liked living with a millionaire he said (in dead pan north Yorkshire accent) "I'm not really bothered me, but I like sleeping with one."
First time I had seen GooglePlex on TV - they compared it's ambience more to a university than business enterprise - and when the cameras got a chance to show it, I saw why "even the receptionists need degrees".
Also was the first time I had seen anyone talk about the Adwords and Adsense advertising schemes on TV.
The underlying message was evident throughout and very encouraging for us - we are entering what the pundits are calling the "True dot com boom". Not booming as loudly or with the same neon lit investment but proven by a steady increase over the past 30 months in consumer confidence and spending.
But that’s nothing we really doubted – guess that's why we are here!
Ta
Limbo
What were they thinking of?
