As Internet time synchs with real time, VCs and entrepreneurs stop running themselves into the ground. 01/12/31 ReleVents hed: Dot-com blister healing dek: As Internet time synchs with real time, VCs and entrepreneurs stop running themselves into the ground. by James Mathewson
One of our year-in-review themes in December’s edition was, of course, the continued death march of the dot-coms. While that story does a good job enumerating the effects of the dot-bomb economy, it does little to explain the causes. The causes are numerous, including a general weakening in IT spending, which hugely undercut everyone’s crazy growth projections in B2B e-commerce.
One cause that had gone almost unnoticed, outside of my May Insights column, was totally irrational overspending by the big venture capital (VC) funds. As