Posted on 05/18/2010 8:15:58 AM PDT by SmokingJoe
Google didn't need it. Google secured all the capital needed during the dotcom boom. Google rose to prominence during the dotcom boom. Google had everything it needed by the time of the bust to stay afloat, much thanks to the dotcom boom. Their first investment was from a Sun exec (who probably wouldn't have been able to do that if not for the dotcom boom), then there was a further $25 million right in the middle of the biggest part of the boom. Money was flying, it was easy for Google to get all that was needed before the bust.
Correct.
” Google secured all the capital needed during the dotcom boom. Google rose to prominence during the dotcom boom’
Normally, dotcoms and startups in general, don't get “all the capital they need” from just the first 2 years of venture capital. Most dotcoms keopt soaking up venture capital for much longer than 2 years, and never made any prifits even after their IPO’s. Google was a good , well run, very profitble company, with fast growth that had a great IPO despite the dotcom burst, not because of the dotcom bubble.
“needed by the time of the bust to stay afloat, much thanks to the dotcom boom. Their first investment was from a Sun exec (who probably wouldn't have been able to do that if not for the dotcom boom), “
Andy Bechtolsheim (I assume you are talking abou him), who was one of the founders of Sun, had alrday made his millions long before the dotcom bubble, when SUN had their own IPO long before that. The money he put in Google, US$100,000 , was like small change to him, and had nothing to do with the internet bubble.
We're not taking about most dotcoms, we're talking about Google. Google that rose dramatically during the dotcom boom, that secured $25 million when the money was flying. Let me put it this way, neither Cisco nor Sun would have become as big as they had if not for the dotcom boom. A LOT of companies got big because of it.
We are.
You claimed that Google got a huge market cap because of the dotcom bubble. In reality, Google’s IPO was AFTER the dotcom bubble had already burst, and dotcom IPO’s were few and far between and usually failed.
“we're talking about Google.”
Correct. In relation to dotcom IPO’s.
” Google that rose dramatically during the dotcom boom, that secured $25 million when the money was flying.
Well run, financially sound companies with good business models, fast growth etc(which Google was), were getting $25 million in financing long before dotcoms.
“Let me put it this way, neither Cisco nor Sun would have become as big as they had if not for the dotcom boom”
Sun was already quite big before the dotcoms. They were one of the biggest server makers on the planet.
What is true though is, the bursting of the dotcom bubble seriously damaged SUN. Ther market cap collapsed, never to recover, and their sales and profits took a big tumble as well.
“A LOT of companies got big because of it.”
The corollary to that is, a lot of companies got small very fast, because of it, after the dotcom bubble burst, including a now very weakened SUN, which ended up being gobbled up on the cheap by Oracle.
I thought the Chinese just assembled it together with parts from Taiwan, Korea etc.
Unpatriotic (assuming you're even American) -- interesting... I always thought SJ was from Betalgeuse? ;-)>
Wow, now you’re trying to smear Linux? Why? Who cares if someone photoshops the Linux penguin?
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