Word: dotcomism
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...start-ups will have emerged better from the dotcom meltdown than Betfair. Launched in 2000 by Britons Andrew "Bert" Black and Edward Wray, the London-based online betting exchange has since grown into the world's largest. Rather than play house, Betfair matches bettors with odds offered by other users, its whizzy technology handling some 300 wagers a second. The small cut the firm takes from the bettors' winnings these days adds up to big profits: Betfair pocketed $39 million in net earnings last year. And in refusing wagers from the U.S. - where online gambling is outlawed - Betfair has dodged...
...remember, this was the time when, if you didn't have a dotcom idea, there was something wrong with you. It seemed you could raise money for any dotcom idea, and so to be honest I thought it was going to be very straightforward just to go out and raise money. Probably because we thought it would be very easy, it was a bit hit-and-miss the way I put it together. We went to a few institutions at the end of '99, and basically, they said "thanks, but no thanks." We subsequently found out one of the reasons...
...They Are Born between 1980 and 2000, the millennial generation is the largest after the boomers (their parents), and, like their parents, millennials are poised to become the next great luxury consumers. Because they've grown up in the age of dotcom billionaires, wealth and success are a given. Although the luxury category might be new to them, they are learning quickly. (Information is just a click away.) This survey looks at older millennials?ages 18 to 27?as well as affluent boomers. Statistical analysis of millennials' and boomers' survey data identified four different segments within each generation, including...
Sure, Yahoo! is practically a historic landmark, the last of the pure dotcom plays from the wild 1990s. But brace for impact: Microsoft hasn't even promised to keep the Yahoo! brand alive. ("That's a question we haven't answered yet," purrs Yusuf Mehdi, Microsoft's senior vice president of strategic partnerships. Really...
Still, the dotcom bust casts a shadow, with fears that once again too much money is chasing too few good ideas. The drive to go green, so strong today, could rapidly lose momentum if oil prices were to drop significantly, and it hasn't escaped notice that clean tech has yet to produce a bank-breaking success like Netscape, which made Kleiner Perkins a fortune. "Everybody with a dollar thinks they're a clean-tech investor now," says Foundation Capital's Grosser. "A ton of people could lose a lot of money on solar or biofuels." But defenders point...