Dot.Com to Dot.Bomb

To be honest, I had never heard of the dot.com to dot.bomb before I took this class. Is that bad? With that being said, I was thankful for the way that professor presented this major technological crisis in a sort of hysterical way by using the plastic dinosaurs. In the 1990s the Dot.com companies started to begin and the introduction of technology and the internet was presented. It was a success and very profitable because of the many new users and members that began to join. Technological advancement was moving at a fast pace as the industry began to keep growing and growing. As a result, new technologies were being created and new companies joined the field. It was up until the year 2000 that there was a major crash that resulted in several companies abandoning the industry. The growth of the industry was questionable because nobody knew how to increase market share. This led to companies going bankrupt because they were no longer getting funds from investors. There was no backup plan or second option. A lot of the employees working for these companies were inexperienced students who did not know how to properly manage funds. People who never managed a business or let alone even worked for a business ever in their life. Yes, some companies were able to rise after this crisis, but it is questionable if companies will be able to keep up with the fast pace of technological advancement. New technologies are being thought of and created everyday and it takes the right and experienced people to be able to keep up with all of it. Is it possible?