Our guest lecturer for this week was the one and only Andrew Fry. This talk was especially interesting because Andrew found a way to cash out with his business while other companies tanked during this era of business. Andrew focused on the five stages of the .com to .bom era. Everything started off by people understanding the power of the internet and how they now had access to the entire world via the web. This was followed by the boom where companies started taking advantage of this and started popping up left and right because they were able to reach customers like never before. This of course leads to companies like InfoSpace getting an evaluation higher than Ford's and Boeings in an incredibly short amount of time. This then led to the bust in which company after company went bankrupt, because of bad business practices. And finally the fifth stage was when the dust started to settle and the the companies which had managed to survive kept things going and those who failed, the employees were able to gain employment at other companies. This lecture was important because it teaches the budding entrepreneur that if something is too good to be true, it likely is. And more importantly, this era is a clear example to would-be CEOs that if you don't have a viable and unique product, eventually it will catch up with you and your business will fail.
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