The dot com bubble was necessary for the prosperous future of internet. The positive side of dot com bubble was tremendous infrastructural development in a short span of time.
The dot com bubble and its consequent burst-out is well known to most of us.We remember it as an event that crashed the US economy to an all time low.
It all started with companies like Netscape,Yahoo! & Excite and ended with dot coms like Pets & Boo.Few of them survived but most of them got their shutters closed after burning millions of dollars with absolute stupidity.
The worst part was the unexpected behaviour of Angels & Venture Capital firms who literally gambled over hundreds of dot coms and invested big bucks with no logical estimation and business plan.
The rule of 'Get Big Fast' was the only motto of that phase and this rule was the prime motivation behind more than 250 dot-com IPOs in just one year(1999).
The outcome was simply tragic.'Bankrupcy' & 'Shutdown' became a commonly used glossary for dot coms and there was even a dedicated website called FuckedCompany by Philip Kaplan which served as a 'dot-com dead pool' at that time.
But still,the dot com bubble was necessary for the prosperous future of internet
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