But there are other differences now too. You can't simply ridicule anything anymore. Back in 2000 we could point to a company trying to sell designer kitty litter on the Internet and laugh at how stupid it was and how greedy and full of hubris the founders were. Now, everyone's trying to "change the world" and empower everyone and "enable the sharing economy" and, well you can't criticize that without sounding like a big meanie. There are a lot of web sites out there that are simply never going to be businesses. They have their runway to burn through, and once it's done, they'll be blogging about Their Amazing Journey as they get acqui-hired. But when you point this out, you're just being negative--you're a jealous wantrepreneur.
Maybe this is an old-timer's "get off my lawn" rant, but I preferred it when it was OK to poke fun at things that you knew were ridiculous.
It came off as an old timers rant, but I still enjoyed it :)
Maybe we strayed a bit too far from the "greed is good" 80's. There's nothing wrong with starting a business to make money.
It's more pervasive than just dotcoms though. I see the same things we stuff like solar roadways or hyper loop is criticized.
Having said this until US interest rates rise or unless a white swan event occurs (I am Australian so all swans are black here) the music will keep playing and the everyone will keep dancing.