Word: dotcom
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Dates: during 2000-2009
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Like what? YouTube and Facebook are obviously giant winners. They're platforms through which viral trends are passed. They used to say that the people who got rich in the gold rush were the people who sold the tools and the shovels. That was true of the first dotcom boom, and it's true...
...skeptical at first. I had met Evan Williams, Twitter's co-creator, a couple of times in the dotcom '90s when he was launching Blogger.com. Back then, what people worried about was the threat that blogging posed to our attention span, with telegraphic, two-paragraph blog posts replacing long-format articles and books. With Twitter, Williams was launching a communications platform that limited you to a couple of sentences at most. What was next? Software that let you send a single punctuation mark to describe your mood? (See the top 10 ways Twitter will change American business...
Mesh office chairs first came into popularity in the '90s with the dotcom boom, desk lunches and Herman Miller's invention of the Aeron chair. The bubble burst not long after, but the adjustable, rolling chair remained a cubicle staple. Now Knoll plans to push the Aeron out of its comfy spot at the top of the seating chain with its latest innovation?the Generation. The home- and office-furnishings company spent more than three years collaborating with New Zealand--based Formway Design to produce this new ergonomic chair. With its durable rubber back and unique figure-eight design...
...looks far worse for Toronto-based Nortel Networks, a key supplier to North American telcos and once the brightest light in the Canadian economy. It was worth $250 billion, or about 35% of the total market capitalization of the Toronto Stock Exchange, before it flamed out in the post-dotcom bust. Earlier this year, Nortel, a company with $10.4 billion in annual revenues that has spent nearly a decade mired in accounting scandals and feckless attempts to reinvent itself, initiated bankruptcy proceedings. It will probably sell its most prized assets to chief rivals, including Nokia Siemens Networks and Avaya...
...company as their ownership got diluted each time they brought in a new round of investment. The second was that there's often no correlation between the assumptions in a theoretical business plan and reality. Many great business plans turned into lousy start-ups - one reason for the last dotcom crash...