Dot Com Bubble Quotes & Sayings

The late 90s were crazy science-fictional if you were inside the superheated steam bubble of the dot-com 1.0 industry. — Charles Stross

That eerie hissing you hear may well be the air beginning to seep out of the green energy bubble. The sound is similar to the pfffffft and sshhhhsssssp noises we heard in the early days of the dot-com bubble collapse or the subprime mortgage meltdown. — Terence Corcoran

It was 1999, and we were building a way for college kids to create online profiles for the purpose of sharing ... with employers. Oops. I vividly remember the moment I realized my company was going to fail. My co-founder and I were at our wits' end. By 2001, the dot-com bubble had burst, and we had spent all our money. — Eric Ries

We've had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren't going to lay off people, that we'd taken a tremendous amount of effort to get them into Apple in the first place; the last thing we were going to do is lay them off. — Steve Jobs

Aside from the movies, examples of positive-Black Swan businesses are: some segments of publishing, scientific research, and venture capital. In these businesses, you lose small to make big. You have little to lose per book and, for completely unexpected reasons, any given book might take off. The downside is small and easily controlled. The problem with publishers, of course, is that they regularly pay up for books, thus making their upside rather limited and their downside monstrous. (If you pay $10 million for a book, your Black Swan is it not being a bestseller.) Likewise, while technology can carry a great payoff, paying for the hyped-up story, as people did with the dot-com bubble, can make any upside limited and any downside huge. It is the venture capitalist who invested in a speculative company and sold his stake to unimaginative investors who is the beneficiary of the Black Swan, not the "me, too" investors. — Nassim Nicholas Taleb

The price volatility within each trading day in the U.S. stock market between 2010 and 2013 was nearly 40 percent higher than the volatility between 2004 and 2006, for instance. There were days in 2011 in which volatility was higher than in the most volatile days of the dot-com bubble. — Michael Lewis

In 2000, just before the first dot-com bubble burst, it cost a whopping $5 million to launch a tech startup. — Peter Diamandis

My take on the whole dot-com bubble was that a lot of people who wanted to make a lot of money got too excited and hyped up the commercial aspects of the Internet prematurely. I think the vision of the Internet as a democratizing medium.. as everyone's printing press.. is real. We got distracted from that by the mass hallucinations of the bubble. — Craig Newmark

A half-century later, Mark Twain would say that the gold rush drastically changed the American character, ending the tradition of patient apprenticeships, the gradual mastery of self, talent, and money. Gold created the get-rich-quick mentality that has been with us ever since, most recently during the dot-com bubble of the late 1990s. — Pete Hamill