My parents didn't transfer any money to anyone. Having been born during the great depression
and growing up in a rural state during the great decline in rural towns and business in the
this nation all my parents funds were held in cash or cash like instruments. The money lost in
IPO's and the bubble in general had little to no impact on them. Please don't make ASSumptions
about my parents.
Keep in mind my statement wasn't about the general market or even the stock market, but about
the companies without real businesses that barely made it to IPO or barely missed it (such as
the article's references to Atipa and their fast talking CEO). You are attributing the general
market decline that was caused by the dot-com bubble collapse to what I said when my intent
was to talk about the shysters and fast talkers that show up during every bubble and insight
into such provided by the article. The general market decline was the result of the reduction
in sales, capital availability and bad debt that the dot-com bubble caused. Also in markets
that were a party to the dot-com bubble (California) you saw large economic declines due to
the people that were employed by the dot-coms being unemployed and affected materially by the
loss. Most of the general market losses have already been returned. Only those invested
heavily in technology were affected significantly by the bubble for more than a few years.
I stand by my statement that the ones that lost money as a direct result of the shenanigans
during the dot-com bubble were the venture capital funds, most of which are privately held
investment firms with often small numbers of extremely wealthy investors. IIRC Microsoft
co-founder Paul Allen lost around 12 billion dollars on bad businesses during the dot-com
bubble that he funded with his Vulcan venture capital firm. You can read a fairly fluffy piece
about his mistakes here:
His losses alone likely make yours insignificant by comparison.