What happened in the lead-up to the Internet Bubble burst of 2001? What went right, what went wrong, and what lessons did we learn? (Part 1 of 3)

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Original Tweet that inspired the show: https://x.com/forrestbrazeal/status/1719827334834913283?s=20

“Looking for recommendations: what’s the best book ever written about the dotcom bubble? Specifically looking for something that captures the emotions of that time as well as the mechanics”

THE BROWSER, THE NETWORKS, THE CARRIERS AND POSSIBILITIES

Information was freely exposed to the Internet (and Intranets)
It was Digital Transformation 1.0 era - Everything on the Internet
The New Industrial Revolution
Lots of focus on new Online Purchasing
Lots of focus on new Telecommunications services (VoIP, VoD, etc.)
Lots of focus on new media partnerships

EVERYTHING ALWAYS GOES UP, EVERYDAY, RIGHT?

Massive network build outs
Lots of Engineers and MBAs moved out to Silicon Valley
Every startup built their own data-centers, networks, applications, etc.
IPOs were happening every week
Telecom vendors vs. Internet/Networking vendors
Stock prices going up $1-2 per day

LESSONS LEARNED:

Infrastructure has to match the ambitions
Business models always come back to revenues and profitability
Each wave can create the new big winners (and losers)
Understand Manias vs. Fundamentals (where in the wave are we?)
Stupid money eventually finds a bottom

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2001- a DotCom Bubble Odyssey

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