Audio – Sifting through the bubble rubble
One venture capital firm has been systematically doing autopsies on the many companies that collapsed during the dotcom bust to screen for great ideas that only failed because they were ahead of their time.
Allen Morgan, a managing director at Mayfield Fund, told the Reuters Venture Capital Summit why sifting through the “bubble rubble” is important. He says many companies died in 2000-2002 because of poor broadband infrastructure, weak Internet search, consumers’ then lack of comfort with the Web, and the lack of pay-per-click advertising revenue.
These “four horsemen of the Apocalypse” are no longer factors threatening to kill off such businesses, he says.