Re:How my startup failed (1999)
by fapjacks on Sunday December 11, 2016 @03:14AM
(#13150126)
Well, you're being pedantic. In '99 the great mouthbreathing horde were not buying things online.
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Not sure why you're being downvoted.
eBay revenue, 1999: $224.7 million
eBay revenue, 2015: $8,590 million
Edit: That's 38x
Amazon revenue was already $1.6B in 1999. Clearly out of startup phase by then.
So it depends on your measure. eCommerce is still a relatively small percentage of GDP, 5.4% of US according to https://www.statista.com/statistics/250703/forecast-of-inter...
eCommerce as a percentage of all retail sales is a decent measure.
1999: 0.2%
2015: 8.4%
42x
1999 is definitely Beanie Baby Bubble timing.
http://www.nytimes.com/2015/03/22/books/review/the-great-bea...