Dot-com fever stirs sense of déjà vu
October 17th, 2007

Internet companies with funny names, little revenue and few customers are commanding high prices. And investors, having seemingly forgotten the pain of the first dot-com bust, are displaying symptoms of the disorder known as irrational exuberance. [via the IHT]

… Internet start-ups are drawing investment based on their ability to build an audience, not bring in revenue – the very alchemy that many say led to the inflating and undoing of the dot-com bubble.

The surge in the perceived value of some start-ups has even surprised some entrepreneurs who are benefiting from it.

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