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by hncommenter13 4743 days ago
Yes. As someone who was a (young) VC back then, I can tell you the dot-com euphoria continued during 1999. It peaked in March 2000, when the Nasdaq hit its all-time high. Shortly thereafter, the public consumer-oriented companies started dying off. The bust accelerated in 2001 when the storage and networking companies went under, along with the startup carriers who were buying all of the equipment.