Additionally, entrepreneurs and executives who failed this time around may find themselves richer for the experience. Net-net, the dotcom craze has been a positive experience. As stock markets and company valuations hit bottom, it's a good time to make a mental note to be more selective in the future. But cycles, by their very nature, start again. We should not stop investing just because we are still feeling the pain of the last run-up.
Entrepreneurs have it easier now than they did just five or ten years ago.
Investors, made wiser by experience, should benefit as well. Williams is a former Asia Pacific partner at Draper Fisher Jurvetson venture capitalists and was previously head of Merrill Lynch's Emerging Markets Internet Investment Banking Group. E-mail is anything but private. All Rights Reserved. Terms under which this service is provided to you.