while browsing the nascent
business plan
archive
, think smug thoughts about how you won’t be that poor sap
condemned to repeat history. don’t miss the
Statistical Summary of the Dot Com Shakeout
– complete with lively metaphors, sure to work wonders at your next
cocktail party:
“It may appear on the surface that the decline in dot
com shutdowns is simply a result of the fact that are no dot coms
left to shut down. That is not the case, however. We conservatively
estimate, based on several data sources, that between 7,000 and
10,000 Internet companies have received some sort of “formal”
funding, which suggests that at most, ten percent of significant
Internet companies have shut down or declared bankruptcy. It may be
safer to say that the Darwinian process has left many fewer WEAK
Internet companies. But to say that the decline in shutdowns is
because there are no dot coms left is a bit like saying a decline
in rabies rates is due to the fact that all the dogs are
dead.”
[via
webvoice
]