Lovely article and quite interesting history. It's been the tradition of bubble markets that
the insanity they create draws in scammers and quick talkers. History is replete with examples
of fast talking personable people with no experience coming in and selling a bill of goods to
investors while riding the insanity of the bubble market. Fortunately the dotcom bubble
pre-IPO monetary losses were heavily focused on Venture Capital firms and not the average
middle class family to the extent it was in previous bubbles.
It's interesting to hear firsthand about some of the fast talkers that tried to open
businesses and IPO's with no business plan, no employees and no market to sell into but
funding from a load of Venture Capital funds inspired by the mania in the market. Thanks for
producing this series.