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Reality sets in

Finally, investors are start­ing to real­ize that not every­thing is dot­com land is rot­ten and are start­ing to com­pare dot­com busi­nesses to more tra­di­tional ones. If you con­sider the old axiom that only one in five busi­ness start-ups suc­ceed, you may come to real­ize that the 90s were not nec­es­sar­ily as bad as some have made them to be. There was a tremen­dous increase in the num­ber of new busi­nesses cre­ated and, as a result, it was only nor­mal for most of them to fail.

Maybe peo­ple will not start to reassess that period in busi­ness his­tory and real­ize that it was not really that dif­fer­ent from any oth­ers, apart from the fact that so many new com­pa­nies were cre­ated as a result of the new oppor­tu­ni­ties that cropped up thanks to tech­nol­ogy advancements.

Originally published on February 24, 2003 in Business, Technology . You may find related thoughts pieces under the following terms: