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The eerie familiarity of the dot-com bubble of the 90s

Recode Daily

Recode

Society & Culture, Science, Technology

4.61.3K Ratings

🗓️ 29 October 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

What can the dot-com bubble of the 90s teach us about Silicon Valley in 2020? Go for Broke is a new podcast that’s taking a closer look at “historical moments of irrational confidence,” from the rise of Netscape to the fall of Pets.com. Host, Julia Furlan joins Teddy to talk about the show and why this history still resonates today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Go for Broke is a new podcast that examines historical moments of irrational confidence.

0:07.0

It's a fun dose of 90s and early 2000s nostalgia that might feel like a pleasant distraction from our current moment.

0:14.6

And the first season takes a look at the original dot-com bubble from the rise of companies

0:18.7

like Netscape to the fall of iconic businesses like pets.com and it covers how venture capital and the

0:25.8

stock market led to trillions of dollars to fund the early days of the internet.

0:30.7

But then everything sort of seemed to fall apart. Joining me is the

0:34.9

host of Gopher Broke, Julia Furlan. Hey Julia. Hey Teddy, thanks so much for

0:39.1

having me. Sure thanks. So on this new show I want to talk about some of the themes and how that sort of applies to tech business news that we cover in 2020.

0:47.0

But first of all, tell me a little bit about the podcast and how you approach the dot-com bubble of the 90s. The show basically... the of us to this moment where there was like mania and stocks were going wild and

1:04.9

dot-com companies were like frothing and existing and then disappearing and my hope

1:11.8

is that people today will be able to take some really solid lessons from this moment and think about like what's going on right now?

1:22.0

How does it apply? How does it apply? Tell me like why

1:25.2

cover the story now in 2020? You know I think that a lot of what was going on

1:31.9

during the dot-com bubble I like to think of them as like the the

1:35.6

sort of like strings that we're still pulling on today there are antitrust hearings of

1:40.4

Microsoft in 1995. There were all of the folks who like worked in the early

1:47.2

internet. A lot of them are still active today. There's e-commerce. There's there's this moment when Netscape does an IPO where like all of the money arrives in Silicon Valley and that's something that like you know if you look at it and then you look at current Silicon Valley,

2:05.7

there are a lot of things that are still very, very current about the way that things went

2:10.0

down both financially and technologically.

2:12.4

So you mentioned Netscape in one of your episodes. down both financially and technologically.

2:12.5

So you mentioned Netscape in one of your episodes I was just listening to you focus on sort of the origins of the dot-com bubble and the importance of one year.

2:20.9

Tell me about that year and what you set the scene for us to explain what happened?

...

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