Many companies jumped on the dot-com
bandwagon in the mid-to-late '90s to create online brokerage businesses to sell insurance.
Fuckedcompany became the Nelson Muntz of the dot-com
bust, pointing and laughing with malicious glee as company after company crashed and burned.
It's a lesson many dot-coms
learned the hard way as they burned through cash in an attempt to quickly gain market share.
The value of most dot-coms
is intellectual property, such as customer lists, licensed technology and engineering teams.
The rest--the "pure play" dot-coms
that bet on sufficient consumer interest in travel, pets or auctions, could very soon be knocking on portal doors begging to be let in--or bought out.
Putting references to The Who's "Won't Get Fooled Again" aside, participants agreed that survival in the dot-com
industry hinges on the same basic business principles as survival in more traditional industries.
It is amazing how many dot-coms
were started during the past few years with no apparent objective beyond "having an IPO and cashing out.
As of early January 2001, the state of the dot-coms
was as follows:
Hiring the best Dot-coms
depend on talented people.
All other dot-coms
in India are horizontal portals; along with news, they offer other features such as e-mail, chats and entertainment.
Of course, one reason that dot-coms
are rethinking their strategies is that they simply have less money to spend.
We expect several megamergers and substantial equity or debt investments over the next year between dot-coms
and major traditional enterprises.