Was There Too Little Entry During the Dot Com Era

  title={Was There Too Little Entry During the Dot Com Era},
  author={Brent Goldfarb and D. Kirsch and David A. Miller},
  journal={Journal of Financial Economics},
We present four stylized facts about the Dot Com Era: (1) there was a widespread belief in a Get Big Fast business strategy; (2) the increase and decrease in public and private equity investment was most prominent in the internet and information technology sectors; (3) the survival rate of dot com firms is on par or higher than other emerging industries; and (4) firm survival is independent of private equity funding. To connect these findings we offer a herding model that accommodates a… Expand

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