It was the year 1999 and apart from the impending Y2K problem, the overall picture looked rosy. Business confidence was high and so was the rate at which new businesses sprang up. In a way, it was the best of times for a fresher to enter the job market. But, as it turned out later, it was also the worst of times! No one knew about the impending bursting of the Dot Com bubble, and the recession, that would follow. After all, despite all technological advances, there are no ways to predict the future.
shovon chakraborty business blog
As a fresher, just out of the university with a degree in business management, I had also wanted to join the vibrant, cool and a quick-short-cut to riches world of the Dot Com industry. After all, it was 1999-2000 and every other young entrepreneur had secured funding for his/her dot com venture. It seemed that the venture capitalists were roaming around with bags full of dollars and were willing to hand it over to anybody, who could come up with a half-decent idea about a new dot com and a catchy enough name for the domain. On hindsight, I must agree that it was only fair that the whole thing would implode, as the fundamentals for most of the ventures were weak or even worse, almost non-existent.
dot com bubble bursting
So, what went wrong? Well, almost everything!
dot com bubble bursting
So, what went wrong? Well, almost everything!