The Bubble Bowl
Friday, January 28th, 2005(Forbes.com): [D]uring the final, halcyon days of the Internet boom, the St. Louis Rams played the Tennessee Titans in Super Bowl XXXIV, a moment that will be forever remembered as the dot-com bubble’s Waterloo.
I was about as far from Silicon Valley as you could get in 2000, but, nevertheless, I was involved in Internet newspaper publishing at the time and got to see a lot of capital go up in smoke. Newspaper “web teams” in neighboring states were staffed with dozens of people and were getting priority to print in terms of equipment, salaries, and believe-it-or-don’t, news coverage. My paltry staff of two watched in amusement as these experiments imploded over the next few quarters, while we managed to break even (better than even if you count our “free” website). I wonder, though, how much of the “Interweb” we have now would have been possible if it were not for the folly of venture capitalists?