A Quote by Peter Diamandis
In 2000, just before the first dot-com bubble burst, it cost a whopping $5 million to launch a tech startup.
Related Quotes
As of 2011, it cost about $5,000 to launch a tech startup.
The end of the 'tech bubble' in the year 2000 is, of course, widely recognized, as the NASDAQ stock index erased three-quarters of its value between 2000 and 2003.
The enthusiasm for Tesla and other bubble-basket stocks is reminiscent of the March 2000 dot-com bubble. As was the case then, the bulls rejected conventional valuation methods for a handful of stocks that seemingly could only go up. While we don't know exactly when the bubble will pop, it eventually will.
We've had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren't going to lay off people, that we'd taken a tremendous amount of effort to get them into Apple in the first place; the last thing we were going to do is lay them off.
I had been in the technology business for so long, I had seen the PC-bubble come and burst, I had seen the local area and wide area networking-bubble come and burst, it was no shock that the internet-bubble was going to burst.
The expense of getting into space is the rocket launch, the rocket itself. Rocket's right now, commercial rockets cost probably somewhere between $50, or $120, or $150 million per launch. And those are all expendable. That is, you've got to buy a new rocket for each launch. So, that really is the critical part. If there was some kind of really, a revolutionary breakthrough and the price of rockets fell by an order of magnitude, I mean, just imagine what that would do as far as getting access to more ordinary people.
Making a million dollars is the simplest thing in the world. Just find a product that sells for $2000 and that you can buy at a cost of $1000, and sell a thousand of them.
In A Glass of Cider It seemed I was a mite of sediment That waited for the bottom to ferment So I could catch a bubble in ascent. I rode up on one till the bubble burst, And when that left me to sink back reversed I was no worse off than I was at first. I'd catch another bubble if I waited. The thing was to get now and then elated.
I am like a child who blows up a bubble of soap. At first the bubble is very small, but it is already spherical. Then the child blows the bubble up very softly, until he is afraid that it will burst.
If your payloads cost hundreds of millions of dollars, they actually cost more than the launch. It puts a lot of pressure on the launch vehicle not to change, to be very stable. Reliability becomes much more important than the cost. It's hard to get off of that equilibrium.
Please don’t get hung up on this question of whether you need to have experience in an industry before you launch your startup.
Since 2000, we have lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high-tech industries such as telecommunications and electronics.
During the 2000 bubble, many companies rushed to go public before they had any revenue.
100 million dollars used to be the limit of what a movie might cost; now they routinely cost 300 million. Sooner or later, spectacle is just going to have to find a new way to exist.
I don't think objectively we are in a tech bubble when tech stocks are at a 30 year low.
It was 1999, and we were building a way for college kids to create online profiles for the purpose of sharing... with employers. Oops. I vividly remember the moment I realized my company was going to fail. My co-founder and I were at our wits' end. By 2001, the dot-com bubble had burst, and we had spent all our money.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman
Warren Buffett Quotes
American
Businessman