There’s been a lot of talk lately about an ensuing second internet boom. With the billion dollar sales of many web 2.0 companies it’s easy to see why:
Among others…
To give a little perspective the Nasdaq composite index peaked in the year 2000 at 5132 points. Yesterday it closed at 2320, just under 8 years later.
If you invested $10,000 at the peak, today it would be worth $4521. Still a very bearish 55% capital loss.
Sure we’d have to question some of the valuations, but the market hasn’t started to value ‘ideas’ at over a billion – yet.
Start up lesson – your company is worth what someone is prepared to pay for it.
As one that is involved heavily in the web development/startup consulting niche, I can surely vouch for the fact that the internet boom is surely on its way.