Dot Com Crash

“Are we headed for another dot com crash? Definitely. If, like, Is not a question. When? Nobody knows, right?”

“All of those data centers and all of those, all the fiber that they're in use, it's all in use today, but 25 years later. But it took, and actually the elapsed time was it took 15 years. It took 15 years from 2000 to 2015 to actually fill, fill up all that cap…”

“After the dotcom crash in 2000, there had been an angel and venture boom in the late nineties. And then after the dotcom crash in 2000, like almost all angel investing went away. And a large amount of VC went away. And you know, it was like a full on depressio…”

“We have a hundred dot com customers. We're ringing the bell all the time, winning new customers. And 97 of our customers went out of business in the dot com crash. And so I had a huge amount of scar tissue. We had to let go of two thirds of the people.”

“Like it was pretty much people that just liked computers would be my assessment had nothing to do with financial. Seeking financial gains. Cause again, if you do that, you do management consulting, you do, there's a bunch of other options. And so it was kind o…”

“Now, after that, you get to a point where actually 200 different companies were trading below the levels of cash on their balance sheet. That's highly unusual. We've never seen that before, even going back to The global financial crisis and the bear market, th…”

“It's like the dotcom crash all over again. I mean, basically you had an extremely promising technology. I mean, it is a promising technology, and it is a future, you know, technology platform, but the price action got totally decoupled from the level of progre…”

“Lost about 90% of my net worth in the dot com crash.”

“I think the dot-com crash in many ways informed my point of view that more capital is usually not the solution to problems.”

“We literally had about 1.9 billion dollars in our distribution portfolio, because the Distributions were coming so fast that we literally were losing stock certificates because people were sending them in the mail. And back then the transfer agents were not ef…”