Tobaccowala: Dot-com focus shifted abruptly from traffic to profitability in mid-2000
Selina Tobaccowala · Evite: Selina Tobaccowala · Nov 11, 2019 · at 35:32
Evite co-founder Selina Tobaccowala describes how venture capital expectations and startup priorities inverted during the dot-com market crash.
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“Everything was about, like, you know, the growth and the traffic, and there was no discussion or talk about revenue. And then the bubble burst, and all of a sudden, all anybody could I could talk about was, oh my gosh, all these companies are bleeding money. How are we going to get them to profitability? How are we going to figure out whether these business models work? And just there was this huge shift in the middle of 2000.”
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