Dot Com To Dot Bomb

We listened to a lecture on the dot com to dot bomb era in tech companies. From the early nineties to the late nineties there was an explosion in the tech industry, as the internet came into being. Basically, there was such a rapid expansion of the internet and computing technologies that people didn’t know how to assign value to the services that were being made available. Putting a dot com after your company name was essentially a money printing machine. There were no rules or regulations regarding the computing industry as nothing of its kind had ever been seen before. Small startup companies became massive near overnight, and huge established companies got bigger. Everyone was riding the bubble and no one saw an end to it. Alas, an end did come, as in early two thousand, the bubble burst, leading to a huge depression in the market. There were some survivors, but many many companies lost their proverbial shorts. The survivors did something that the other companies couldn’t do, adapt, and adapt quickly. Andrew used the analog of dinosaurs to describe the companies that met their end in the market when the crash happened. They were gigantic beasts, dominating the entire tech landscape. They owned the entire market, but since they were so big, they were also slow, and unable to adapt to change quickly enough. Because they were set in their ways and unable to adapt to the new, harsh landscape in which they suddenly found themselves, they all died out.