End of August.
On this day, the Silicon Valley government held another Internet Summit, which took place much later than usual due to the sheer number of newly established internet companies in the region. The number of companies has increased sevenfold compared to the same period last year.
There are more than 4,700 participating companies.
Among them, nearly 3,500 Internet companies were newly established in 1997.
Yahoo, Netscape, Amazon, E-Toys Mall, ICQ and other "Internet myths" have continuously stimulated people's psychology with their huge profits. In addition, the "information superhighway" plan implemented by the US government this year directly led to the explosion of the development of the US Internet industry in 1997.
The number is developing rapidly!
On this day, Kyle once again attended the Silicon Valley Internet Summit. His entourage included two of Kyle's bodyguards and LinkedIn CEO Jeff Weiner.
"Jeff, I read LinkedIn's recent development report yesterday, and I have to say, you did a great job," Kyle praised.
"Thank you for the compliment, boss. However, we haven't done enough. I believe that by the end of the year, the company's development will reach a new level."
Jeff Weiner said solemnly.
After the initial promotion failed, LinkedIn adjusted its publicity strategy immediately. Judging from the current results, it is indeed quite good.
As of yesterday, LinkedIn's official website had a daily traffic of 1.5 million visits, 600,000 registered members, and more than 2,400 online partner companies; advertising revenue this month also climbed to US$300,000.
Of course, LinkedIn is still loss-making.
However, judging by its traffic and registered members, LinkedIn has become a rising star in the internet market, and a unique player in the online recruitment sector. Its convenient internet services and innovative ideas have won widespread popularity and acclaim online.
As long as we proceed steadily, I believe LinkedIn will be able to achieve profitability within 2 to 3 years.
...
This year's Silicon Valley Internet summit is open!
First, regional government officials and parliamentarians delivered brief opening speeches, which simply explained this year's development data and envisioned vigorous development in the coming year.
This was originally an extremely boring thing, but the data provided by the organiser shocked everyone present.
"This year's summit attracted 4,700 exhibitors, a seven-fold increase compared to last year."
"Looking across the United States, as of a month ago, the number of internet companies has exceeded 15,000, a 3.9-fold increase compared to last year!"
"At the same time, Internet industry leaders such as Microsoft, Yahoo, Oracle, IBM, and Cisco saw their revenue increase 5.2 times in the first half of this year compared to last year!"
....
The cold data immediately ignited the passion of everyone present.
Money, beauty, dreams, etc. have become the pursuit of every Internet participant. They also desire success and want to achieve glory in a short period like Amazon, Microsoft, and ICQ.
After the Internet Exchange Summit began, representatives of investment institutions and individual investors began frantically pursuing the goals they needed.
"Uh, your company is an internet office equipment company? Great, I want to invest in you. Tell me how much money you need."
A middle-aged man with a big belly stood in front of several young people who were dressed a little shabbily and said he wanted to invest in their dreams.
Investing in dreams?
Bullshit!
To put it bluntly, it's about making money!
...
At the same time, in a booth next to the middle-aged man,
There is also a representative from an investment institution who is betting on a company he likes.
"What?"
"You said your company was established less than two weeks ago and is currently running out of money and short of funds?"
"Does the company have a location? Uh, no. How much capital do you have? $200,000."
"That's all right, young man."
"I, Hlaudroup, love supporting young people's dreams. As long as you can convince me, I can invest $1 million. Of course, if your plan is good enough, I can also give you $10 million at once."
....
At a booth.
A young man, probably only 20 years old, was loudly selling his dream to everyone.
"Ladies and gentlemen, invest in my company, invest in my ideas, and I guarantee you will make a lot of money!"
"What? You called me a liar!"
"You damned guy, don't tarnish my great dream with your shallow ideas!"
"Although my company was founded not long ago, my dream is priceless. My planning is excellent, and I have enough ability. I firmly believe that in less than 10 years, or even just 5 years, my company will be able to surpass Yahoo and Microsoft and become the number one company in the Internet industry!"
"Guys, invest in me and my company now, and I promise to give you a billionaire future!"
"Oh my god, what are you waiting for?!"
Although the young man's passionate words were full of loopholes, they still attracted a group of crazy and blind investors to negotiate investments with him.
Chaos abounds!
That's right, the birth of one Internet myth after another and the emergence of one billionaire after another from Silicon Valley have completely overwhelmed the rationality of investors.
"If you can make a fortune investing in the internet, there's no reason why I can't!"
This is an extremely popular investment concept in the current American market.
Kyle watched the scene with a cold eye, his heart also fluctuating. It wasn't that Kyle was not calm enough, but the atmosphere was too crazy, comparable to the World Cup and the Olympics.
Internet companies in the late 1990s were crazy enough.
One piece of data can illustrate this: the American Spring Festival Gala (Super Bowl)!
The Super Bowl is held in January every year, attracting audiences from all over the United States. Hundreds of thousands of people watch the game on site, and tens of millions more watch it through live TV broadcasts.
The halftime advertising attracted a large number of companies.
In recent years, the vast majority of Super Bowl ads have been from internet companies.
For example, in early 1997, the Super Bowl attracted hundreds of internet companies, 17 of which paid high prices for advertising time. The cost of a short 30-second spot exceeded $1.6 million, nearly double the $850,000 of the previous year.
Although it costs a lot of money, they enjoy it.
In 1998, the rate for a 30-second ad was raised to $1.75 million;
In 2000, each company paid $2.2 million; and one of the Internet companies even offered a $10 million bonus to lucky participants during prime time.
These are enough to witness the madness of the Internet.
However, in 2001, the dot-com bubble burst and internet companies went bankrupt one after another. In that year, only three internet companies bought advertising, and the cost was much lower than in previous years.
Kyle also wandered around and found that the vast majority of Internet companies exhibiting today were unreliable, and many of them were even scammers.
"Oh, it seems my luck isn't as good as last year. Last year I managed to get an ICQ, but this year it seems I'm out of luck."
"Huh?"
Suddenly, Kyle noticed an Internet security software sales company called "McAfee".
Oh shit!
Kyle was startled instantly.
"Could this be the later-famous security software McAfee?"