Ninjastic
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Board Bitcoin Discussion
Re: Memories of a Mania
by
MashRinx
on 11/04/2013, 14:05:19 UTC
Quote from: stochastic on April 10, 2013, 12:09:28 AM
Quote from: w1R903 on April 09, 2013, 10:17:10 PM
Quote from: Alonzo Ewing on April 09, 2013, 08:16:33 PM
Yet very few people actually made money on it.  Certainly not the average joe.  99% of those dot-com mania companies don't exist today.  One of the intents of my post is to say that, yes, something can be super-

I enjoyed your post, but this is false.  Thousands, perhaps tens of thousands of new millionaires were minted.  I personally know several who made a fortune during that time.  Some may have blown it afterwards, but that's another story.
...

Didn't Mark Cuban make a billion on some sports website and buy the Mavericks?

Cuban made a huge amount of money when he sold Broadcast.com to Yahoo and then timed the selling of his Yahoo stock very well, before the price crash.  Broadcast.com was not the first company he grew then sold though.  You can find on YouTube an interview of Cuban on Stern's show in Feb, and in that interview he goes into that a bit.  It's a good listen.

http://www.youtube.com/watch?v=Wl230QL_tSc