It refers to the late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. Billions in venture capital were given to entrepreneurs with little or no experience to fund ideas that were ludicrous. It was a crazy time, and people were very excited. Despite all of the nonsense, many dot-coms did survive, and countless concepts and techniques were developed that continue today. However their valuation ratios dropped back into the realm of reality. Compared to other industries, one must keep in mind that the Internet is still in its infancy. It was kind of like the solar and alternative energy field today, only bigger. For more info about that time, please read the following, there are some interesting lessons to be learned here:
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It refers to the late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. Billions in venture capital were given to entrepreneurs with little or no experience to fund ideas that were ludicrous. It was a crazy time, and people were very excited. Despite all of the nonsense, many dot-coms did survive, and countless concepts and techniques were developed that continue today. However their valuation ratios dropped back into the realm of reality. Compared to other industries, one must keep in mind that the Internet is still in its infancy. It was kind of like the solar and alternative energy field today, only bigger. For more info about that time, please read the following, there are some interesting lessons to be learned here:
http://en.wikipedia.org/wiki/Dot-com_bubble
http://www.wordiq.com/definition/Dot-com_boom
http://www.cnet.com/1990-11136_1-6278387-1.html
http://www.theinvestorsjournal.com/lessons-from-th...
http://humanscience.wikia.com/wiki/Dot_Com_Boom_an...