Saturday, March 12, 2005

March 10 marked the fifth anniversary of the day that the Nasdaq hit its all-time peak. This article covers the story. One thing I take exception to is that the stories cited as dotcom successes invariably end as:
"...the internet incubator Antfactory, which he co-founded, was sold in 2002 for £77m"
"...First Tuesday - was sold in late 2000 to an Israeli internet company, Yazam, for £26m."
None of them end with the founders successfully turning a profit and continuing to grow their businesses. The bottom line still seems to be "Make money fast, and get out."