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Dot Com Crash?
Howard Lindzon
January 04, 2008
It is important to separate permabears from actual people on the field of the entrepreneurial web. It is also important to note that if you turn bearish today, which I am starting to lean as I get stopped out of some stocks, it counts more than those that turned bearish at Google’s IPO, Baidu at $100, First Solar at $80 and Apple at $80.
I think Greg is right about this for sure. How it plays out is speculation though:
It is a dire scenario, but one that looks much like what we saw after 2000. That was a much smaller crash without the fuel from broader problems in the US economy, but we still had investment capital shut off for a few years, most startups shut down, and the remaining startups shift business models. We also saw a dramatic rise in pop-up advertising and spyware.
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