As he put it Doing business as normal would never bring any innovation on the table. Disrupting through economic bubbles all the time would never establish the stable foundation that is necessary for the functioning economy. The question is how can they be made stable and innovative at the same time This more constructive view of the bubble phenomenon in markets suggests a question for further consideration.
Collateral damage from tech bubbles inevitable necessary and useful What do you think Original Article The recent purchase of WhatsApp by Facebook for a reported price equaling million per employee prompts me to ask the question above. It also brings back vivid memories of the last bubble seen from the inside. In the spring of signs of the end of a dot bubble were Chinese Overseas America Number Data all around us. As a director of an Internet based startup PlanetFeedback I met with our board in the only meeting room for that purpose at Flatiron Partners in New York. invested scheduled the room one after another for their board meetings. In our case we had moved our meeting to New York to discuss growth and the next round of financing for the company. Our leadership alumni from Procter Gamble s online operation carefully laid out plans in which they estimated they would need a next round financing of million.
The representative from Flatiron indicated his partners would like to see a proposal. When our CEO replied that he could have something in a couple of weeks our host shot back A couple of weeks Put something down on a sheet of paper and give to me before you leave today. We received the money in early June just as the entire high tech bubble was popping pulling much of the stock market down with it. In true P G fashion our management nursed the money through the worst of the downturn. The story doesn t end there. On our way out we were introduced to the management and directors of the startup that had the room reserved after us kozmo.
發表於 2024-3-13 11:36:36
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