We’re the Next Amazon – This NEVER Ends Well:
- Ok…so that doesn’t rhyme but hopefully the point is clear – “Total Addressable Market” is as overhyped today as in 1999
- Investor mania in IT has multiples at 2000 peak levels which led to a crushing 80% collapse
- As our papers comparing IT stocks and IPOs in 1999 with today explained This NEVER Ends Well
We love innovation but believe paying Dot.com multiples is a recipe for disaster: Not Everyone Can Be “The Next Amazon”
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