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In reply to @pmarca
11/25/2022Open in Warpcast
Marc Andreessen@pmarca
(B) A significant number of really important new tech companies grew during the crash, including Google, Amazon, eBay, Salesforce, and VMWare.
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In reply to @pmarca11/25/2022Open in Warpcast
Marc Andreessen@pmarca
(C) The 2000-2003 tech crash was the junior varsity partner of the 2000-2003 telecom crash, which was much bigger and, significantly, involved both equity and debt. Far more money was lost in telecom than tech. In retrospect, I think this colored people's view of how bad the tech crash actually was.
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