Still Trying To Figure Out Who To Blame
from the blame-everyone!! dept
It seems we just can’t get enough of these “who to blame for the dot com bubble” articles, because more of them keep showing up. The latest one wants to blame all the research firms who came out with all those ridiculous projections that dot commers used to justify their billion dollar valuations. The article has some interesting responses from people at these research firms as they try to defend their projections. I do think they have a point, though, when they say that the dot commers themselves built this up, by picking and chosing the various reports to use that made themselves look best. I always thought it was interesting that no one used these reports for anything useful – such as figuring out who to target as actual customers. Instead, they just used them to pitch VCs – because too many dot coms confused VC investment with revenue.