RE: UKNM: Dot Com Fever

[Jo Chipchase]

Glen Collins wrote:

>What did we all think of the programme then?

>

>I particularly liked the 3 chaps who were looking for £0.5m funding for a

>mainstream, b2c & b2b renting & selling property web service, who stated in

>a presentation to a VC that the £0.5m seed financing would fund all the

>online and offline marketing / development.

>

>I also enjoyed their exit route strategy which they discussed to the VC,

>which was to go to IPO by the end of the year and then all get out of the

>company at this point as they believed the bubble would burst by or near

>this point.  They didn't get funding from this VC.


And when it all went wrong, they wrote it off as a "learning

experience".  That old chestnut...


>I wonder how many of the startups out there share this purely short-term

>gold rush view and how many are actually putting real thought into their

>business plan after 2001?

>

>The media love it.  It's not surprising.

>

>Be interested in other peoples thoughts on the programme.


I think they should have included some material on consumer confidence and

the views of the media.  Interesting though it was, the programme was

rather city-focused.


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