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by drumdance
4737 days ago
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It definitely pre-dates the dotcom bubble. I think I first heard the word in Inc Magazine in the early nineties. Edit: Also, it was only during the bubble that you saw startups go from zero to IPO in two years, and moonshot IPOs were unheard of prior to Netscape. The conventional wisdom pre-Netscape is that you had to be profitable and growing for 6-8 quarters before the IPO. A "moonshot" IPO was one that bumped 10-15% on the first day. When Boston Chicken went public their stock was up something like 50% on the first day and it was major news. |
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