Comments on: Lessons From the DotCom Bubble http://www.businesspundit.com/lessons-from-the-dotcom-bubble/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Sanjay Kumar http://www.businesspundit.com/lessons-from-the-dotcom-bubble/comment-page-1/#comment-2119 Sanjay Kumar Wed, 28 Mar 2007 21:52:40 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=3105#comment-2119 First to get it *right*, not first to have something out there. Absolutely correct. There are numerous examples of quote/unquote "follower" companies out there that are and will ultimately succeed. <a href="http://www.simplifythis.com" rel="nofollow">SimplifyThis.com</a> First to get it *right*, not first to have something out there. Absolutely correct. There are numerous examples of quote/unquote “follower” companies out there that are and will ultimately succeed.

SimplifyThis.com

]]> By: John W. McKenna http://www.businesspundit.com/lessons-from-the-dotcom-bubble/comment-page-1/#comment-2118 John W. McKenna Mon, 26 Mar 2007 18:04:22 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=3105#comment-2118 Rob I was a bit surprised that the failure rate was so low; only 50% versus independent restaurants at 61%. I would have bet the risk of failure was much higher for a technology start up. As for failure, my anecdotally-driven opinion, unsupported by research and/or sound logic, supports the conclusions of the article. The willingness to suffer failure seems to be the forge that builds the most spectacular of successes. The article's coverage of the first-mover fallacy and overhyped network thinking reminds me of a chapter in John Herman’s new book, “The Innkeeper Tales” that provides an insider’s view of an entrepreneur’s meteoric rise that eventually goes bust: great idea, great IPO, great product placement and a great ride until everything went bust. Take care... John Rob

I was a bit surprised that the failure rate was so low; only 50% versus independent restaurants at 61%. I would have bet the risk of failure was much higher for a technology start up.

As for failure, my anecdotally-driven opinion, unsupported by research and/or sound logic, supports the conclusions of the article. The willingness to suffer failure seems to be the forge that builds the most spectacular of successes.

The article’s coverage of the first-mover fallacy and overhyped network thinking reminds me of a chapter in John Herman’s new book, “The Innkeeper Tales” that provides an insider’s view of an entrepreneur’s meteoric rise that eventually goes bust: great idea, great IPO, great product placement and a great ride until everything went bust.

Take care…

John

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