Comparing bubbles
The first web bubble was much bigger - at the peak in 1999-2000 VCs were investing c$30bn per quarter, but in 2006 it was only $5bn. Exit comparisons are similar - in 1999 270 venture backed businesses went public for $21bn, in 2006 just 57 companies went public raising $5.1bn. In 2000 318 companies were sold for $68bn, and in 2006 a larger number of deals, 336, netted only $16bn.
All US data from Sarah Lacy’s Once You’re Lucky, Twice You’re Good.
