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Steve Case and Clara Sieg on how the COVID-19 crisis differs from the dot-com bust



Steve Case and Clara Sieg on how the COVID-19 crisis differs from the dot-com bust

Steve Case and Clara Sieg of Revolution just lately spoke on TechCrunch’s new collection, Extra Crunch Live. Throughout the hour-long chat, we touched on quite a few topics, together with how various founders can take benefit throughout this downturn and the way distant work might result in development exterior Silicon Valley. The two have a novel vantage level, with Steve Case, co-founder and former CEO of AOL turned VC, and Clara Sieg, a Stanford-educated VC heading up Revolution’s Silicon Valley workplace.

Together, Case and Sieg laid out how the present disaster is totally different from the dot-com bust of the late nineties. Because of the variations, their outlook is bullish on the tech sector’s potential to tug by.

And for everybody who couldn’t be part of us stay, the total video replay is embedded beneath. (You can get entry right here in case you want it.)

Case stated that in the course of the run-up to the dot-com bust, it was a distinct setting.

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“When we bought began at AOL, which was again in 1985, the web didn’t exist but,” Case stated. “I believe 3% of individuals have been on-line or on-line an hour every week. And it took us a decade to get going. By the 12 months 2000, which is kind of the height of AOL’s success, we had about half of all of the U.S. web visitors, and the market worth soared. That’s when all of the sudden, when any firm with a dot-com identify was getting funded. Many have been going public with out even having a lot in the best way of revenues. That’s not we’re coping with now.”

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