Henry Blodgett
speaker
573 appearances
1 recordings
1 series
first heard May 2025
last heard May 2025
Henry Blodgett’s voice in public audio — every appearance, attributed to the second.
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Appearances
Companies, you said, I think there were something like 400 companies that went public in 1999, just insane.
Every new company would go out and raise $30 million.
They would immediately spend $5 million on a portal deal with Yahoo, and they'd spend $5 million on Sun Microsystems servers, and they'd spend $5 million on Oracle and so forth.
And they were all losing huge amounts of money.
So what was actually happening was even though they weren't borrowing money, they were getting money from the public markets and they were
So if I were an investor in
So if I were an investor in
then mean in the meantime, you had this narrative that had been going on for years, not a week, but years, where all of the old economy companies and their management teams were getting totally shamed by resisting the internet.
Meanwhile, Amazon puts up these extraordinary numbers every quarter.
You know, which not Barnes Noble is not going to kill them.
In fact, they're going to kill Barnes and Noble.
That started to become clear.
So you
Of panic in the traditional economy saying we are the train is leaving the station.
And if I don't get on that train or run after it, I'm gonna get fired.
So even all those guys started competing for the Yahoo deals and others.
And so you had this just tremendous creation of fundamental revenue.
And then when the IPO market closed and the debt markets start to close, suddenly the tap got cut off.
And within nine months, Yahoo, one of the best stocks in my sector, dropped, I think 93% because all of its revenue disappeared.
So
Showing 181–200 of 573 · page 10 of 29
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