Last Word on Dot-com Flops
This is my last column that will mention failed dot-com companies.This is my last column that will mention failed dot-com companies. The rise of dot-coms was a topic trumpeted mercilessly by venture capitalists, stock analysts, forecasters and, yes, the press. All that backslapping led to a gigantic run-up in unreachable expectations that will have our grandchildren looking back at us as if we were a bunch of tulip investors from the 17th century. Once the run-up turned into a run-down, those same venture capitalists, stock analysts, forecasters and, yes, the press fell over one another castigating dot-com execs. Once the general flogging was completed, it was time to revisit the whipping post for specific punishments. So, The Wall Street Journal carried a piece on busted dot-commers returning home to live with Mom and Dad, and fkedcompany.com has turned into a boring litany of closures and cutbacksoffering the same story with different characters.
So Im done writing about dot-coms. And as a contrarian, I think it is time to look deeply again at Net technologies. As Ive said, the decline of dot-coms was a failure of business plans, not a failure of technology. I think the winning companies will be those that sift through the technologies and are able to pick products and services that will give them the best bottom line.