Didn't you just black-hole the fourteen years in between when comparing valuations? :)
Also, even if we go along with your line of reasoning and the net worth of the survivors pretty much equals the net worth of all the internet companies in 2000, that still means that almost 99% of the internet companies were worthless and all the venture capital poured therein lost. Still sounds very much like a bubble, no?
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Didn't you just black-hole the fourteen years in between when comparing valuations? :)
Also, even if we go along with your line of reasoning and the net worth of the survivors pretty much equals the net worth of all the internet companies in 2000, that still means that almost 99% of the internet companies were worthless and all the venture capital poured therein lost. Still sounds very much like a bubble, no?