[dadoomer]

According to the article 38% see a correction in the near-ish future.

Also,

> Unlike during the dot-com bubble of the 2000s, AI isn’t entirely based on speculation.

I'd say the dot-com bubble was backed by a revolutionary product: the Internet. That doesn't change that expectations were too high.

[sebzim4500]

Were expectations too high?

Some of the companies involved are now worth trillions.

[rsynnott]

Amazon, okay, but who else? Nearly all of the big .com-era startups (and major non-startup beneficiaries, like Sun) are _gone_. Yahoo somehow still exists, I suppose.

I suppose you could argue Google, but it's an odd one; it was right at the tail end, and was really only taking off as everything else was collapsing

[hollerith]

I would argue Google because the dot-com bubble did not burst till 2000, and Google was founded in 1998.

Also, Netflix was founded Sep 1997. Also, Paypal, founded Oct 1999. Also, Ebay, founded 1995, [del: though Ebay and Paypal together today are worth only 23.8 billion dollars. :del]

I think a lot of the money made by founders and angel investors during the dot-com era was made by selling a startup to an established company for 100s of millions of dollars, which is pretty good money since it often took only took 5 years to go from the founding event to such an exit, but I cannot think of an easy way to get a list of such exits.

ADDED. In writing the above, I assumed Paypal was still part of Ebay. In reality they are separate companies again with market caps of 23.8 and 84.59 billion dollars.

[rsynnott]

... Huh, never knew Netflix was that old. That's less than a year after DVDs were released!

Interestingly, Netflix has its origins in a... more typical dot-com-era story: https://en.wikipedia.org/wiki/Pure_Software

[sergiotapia]

You think the owners of webvan are pissed when they see how Instacart became so huge?

They were just too early I reckon. I wonder what we're "too early" for today.

[robryan]

Probably the same with AI, the short term hype cycle being too early for the vast majority of companies.