There never was a bubble. This is not the bubble you are looking for. Move along.
What the researchers found was that, in a random sample, nearly half of companies that received venture funding in 1999 are still in business today.
While I can follow the reasoning that TechDirt is employing here, I have a hard time letting that part of me rationalize pets.com, eToys.com, and flooz.com.
On the other hand, I miss kozmo.com [dead link]. RIP Kozmo, I hardly knew ye. :(
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