Tuesday, April 17, 2001
BW Online | April 16, 2001 | The Great Internet Money Game This fascinating article holds the feet of the VCs and investment banks that gave us the irrational exuberance of the dotcom bubble. According to the article, "Of the 367 Internet outfits taken public since 1997 that are still trading, the stocks of 316 are below their offering prices, according to Thomson Financial. Only 55 companies, or 15%, have made money for public investors. And a staggering 224 have tumbled 75% or more since their IPOs. A total of $2.5 trillion has disappeared from Net company market caps since the peak last year." They're just lucky their Wall Street castles aren't surrounded by pitchfork wielding villagers with stakes for their hearts.