You remember
the last tech bubble, don't you — back in the late 1990s, when any company with a dot - com attached to its name was showered with money from investors?
«I think that Silicon Valley as a whole, or that the venture - capital community or startup community, is taking on an excessive amount of risk right now — unprecedented since» 99,» said Bill Gurley, a partner at Benchmark, referring to
the last tech bubble.
The difference between the offer for Twitter in 2007 and the one for Snapchat in 2013 was the difference between a market still smarting from the bursting of
the last tech bubble and one some worry could be inflating the next one.
Not exact matches
At the same time, Burry, who made a fortune in
last decade's financial crisis by betting that the housing
bubble would burst, is also gaining a following north of Hollywood, as a Silicon Valley
tech investor.
David Kostin, chief U.S. equity strategist at Goldman Sachs, says the parallels between recent market action and that in March 2000, when the
tech bubble burst, «dominated client discussions»
last week.
Some are calling this mountain of debt «the mother of all
bubbles,» and we all remember how the
last two
bubbles ended, in 2000 (the
tech or dotcom
bubble) and 2007 (the housing
bubble).
Let's look at large valuations over the
last 30 years; the
tech job
bubble with crazy bonuses, the
tech startup valuation
bubble, the housing
bubble.
N.C. State takes on Boston College to close the afternoon session (ESPNU or ACC Network, approx. 2:30 p.m. ET), while Georgia
Tech will look to sting Miami's
bubble in the
last game of the opening round (ESPNU or ACC Network, approx. 9:30 p.m. ET).
Anyone who was investing during the 2000
tech bubble or the 2008 financial crisis knows how real these risks are, and that was just in the
last decade and half.
In 2000, the Fed had its
last chance to right the system in the midst of the
tech bubble.
For the
last one, think of the internet /
tech bubble 1998 - 2000.
The
tech bubble crash at the turn of the century triggered an easing that directly created the housing
bubble in the middle of the
last decade, which then crashed, but the subsequent easing deferred the crash of the credit
bubble until 2007/08.
It is easy to understand those investors» frustration when the wealth generated by the Russell 1000 Value Index (and most value managers) was fully 24 % less than the broad market Russell 1000 Index over the
last three years of the
tech bubble.
The patent sale is a
last gasp for Nortel, which was once Canada's biggest company by market capitalization before imploding as the
tech bubble burst.