"This bubble is always different"...
Right up to the moment when the people involved lose everything and start eying their office windows and wondering if they open...
Bubbles exist because human nature is the same yesterday, today and tomorrow. Not every tech company collapsed in 2000 - but the weak ones surely went to the wall. Those with solid business models, and profitability are still going strong. Not everyone will fail this time around, but it looks like serious money will be lost.
As long as the companies going under are pre-IPO the ones most affected will be VC's. After IPO it'll be Joe Public. Thanks to Sarbannes-Oxley there's far fewer companies going public though, so perhaps that's at least one good thing to come from that ill-advised adventure.
You should generally read the article before commenting. You should really read the article before replying to a comment about how you ought to read the article!
Bubbles exist because human nature is the same yesterday, today and tomorrow. Not every tech company collapsed in 2000 - but the weak ones surely went to the wall. Those with solid business models, and profitability are still going strong. Not everyone will fail this time around, but it looks like serious money will be lost.
As long as the companies going under are pre-IPO the ones most affected will be VC's. After IPO it'll be Joe Public. Thanks to Sarbannes-Oxley there's far fewer companies going public though, so perhaps that's at least one good thing to come from that ill-advised adventure.