I am referring to the entire dot com bubble collapse, not just the actual market plummet. Zuckerberg came in at the tail end of the dot.com bubble collapse, when investors were very shy and pulling out of their investments. Amazon survived through the entire affair,but took a big hit. The shock waves were still rippling through the market in 2004, but he was still pulling in millions in investment money even though there was zero profit. The burn rate was horrendous. Why was he pulling in investment money at a time when investors had lost fortunes? Because he had a sound business plan that involved financializing the user base through advertising. While other startups floundered, he knew the dot.com era, read it perfectly. Out of the ashes…
Quick little nit pick, Zuckerberg and Facebook didn’t exist during the dot com bubble. Google, Microsoft yes, almost all others, no.
I am referring to the entire dot com bubble collapse, not just the actual market plummet. Zuckerberg came in at the tail end of the dot.com bubble collapse, when investors were very shy and pulling out of their investments. Amazon survived through the entire affair,but took a big hit. The shock waves were still rippling through the market in 2004, but he was still pulling in millions in investment money even though there was zero profit. The burn rate was horrendous. Why was he pulling in investment money at a time when investors had lost fortunes? Because he had a sound business plan that involved financializing the user base through advertising. While other startups floundered, he knew the dot.com era, read it perfectly. Out of the ashes…