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Re: Are we in a new "dot-com" boom?
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I agree with you, that various things about this "dot-com boom" are different from the one around 10 years ago... As you've pointed out, many of the companies are profitable this time around - unlike 10 years ago! (Twitter might be the exception in the companies I listed - but I'm pretty sure that Facebook, Zynga, and Groupon are all generating large profits.) Also, there are no big IPOs yet (that is, none of these companies are yet listed on the stock market)... so the general public has no chance (so far) to participate in this latest boom. The beneficiaries are pretty much limited to company founders, early employees (who may get stock), venture capitalists, and angel investors. If you are generating a lot of profits, you probably have less "need" to "cash out" through an IPO... However, some people criticize the lack of IPOs, since, as I said, the general public can't share in the profits this time. At least not yet. A third difference is that many of these are "Web 2.0" companies, and are specifically about creating or exploiting online social networks... It's good to know about these things - so we can also figure out how to profit, too - as well as see where the "trends" are headed! Thank you, Ankesh, for your insights! By the way, just out of curiosity, is there a similar "Start Up" frenzy in India, to your knowledge, with venture capital, angel investors, etc.? Best wishes, Dien |
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