BubbleversaryPosted by jbholston at 12:29 PM
Many are participating in a blog-o-bration of 5 years since NASDAQ hit 5,043, after which all day traders became real estate brokers.
Om Malik has a bubble-a-thon going, and Ross Mayfield has a beautiful post, in memoriam...
Shorter version:
Then, Boom. Suddenly what were doing all along was called B2B. We raised $35M and $10M in debt overnight. A dearth of B2B equity offerings drove us to go public with sixty thousand in revenue. We went on a roadshow to meet people that had already participated in our oversubscribed offering. Our business model was a fat butterfly, and we had to get fatter.
...But it was too late and the industry collapsed. I moved on, and it wasn't easy.
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