As someone who lived through the first dotcom bubble (my start-up actually made it and was sold to a bigger company, which was then sold to a giant conglomerate), I think it's very safe to say that the bubble this time around isn't nearly as big.
I do think investors generally learned from the mistakes of the first bubble. It was far, far easier back then to get funding with just an idea or a vague concept. Nowadays, you need much, much more than that before getting that VC backing.
Back then, it was common to see a large investment in a start-up and think, "what are they thinking?!" But these days, it's much rarer to see those obviously ill-advised investments. The last one I remember in recent times was the moronic $41 million thrown at Color earlier this year.
Anyhow, even if there is another dot-com bubble burst, like I said, the bubble isn't nearly as big now. It won't be nearly the disaster the first one was.
I think the bubble of 2000/2001 was kind of a unique situation. Everything was so new. So many people were throwing money at things that they didn't understand. I'm not saying that this no longer happens, just that these days the bad investments are fewer and much smaller in terms of cost. And part of this is due to the fact that the costs of putting together a start-up are a small fraction of what they were in the late 90's.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.