Buy custom The Correlation between the Great Depression, and the Depression of the Millennium
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| Topic: |
History
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| Number of pages / Number of words: |
4 / 1020 |
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Much like the twenties, it presented a style of business for the new venture capitalist ? seeking ground-breaking ways to spur the growth of their business. Due to low interest rates and the increase of startup capital amounts, the Dot-Com concept was created during the mid-to-late nineties, and with it brought Generation X, the generation that would yield to great extravagances, very similar to the lavish wants of the "Roaring Twenties Generation"
The business model behind this new concept relied on network effects...
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In many cases, products were given away to build a market share of the new business. These companies operated at a loss, believing that through promotion, they would later gain a loyal clientele and would be able to charge for their services respectively. From this notion, money was raised though public offerings on stock exchanges, with stock often soaring...
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