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Altimeter (with Brad Gerstner)
Acquired
The Dot Com Bubble Burst, Right?
The dot com bubble burst because it was a specula asset bubble, and capital went away. If you are a hiburn business with negative unity economics, and you fly into a world where risk premiums change, it doesn't matter how good you are, you cease to exist, right? I think about all we really knew for sure is this internet thing wasn't going away. There are going to be real businesses build around it. But it was very unclear when you would have the capital required to build the businesses,. The events of september eleventh, two thousand and one, they were al so compressed. It's the fog of war, right?
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