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Many of those start-ups went public and received even more investment money. Extra consideration was paid to hype than to strong enterprise plans. Stocks soared to unbelievable (and inflated) heights and everyone involved expected to become a millionaire. In some instances, early traders cashed out and pocketed some sweet coin. But in March 2000, when the tech bubble burst, those that didn't get out early sufficient had been left with nothing however shattered goals. Numerous the corporate busts adopted a pattern: The fledgling enterprise received tons of of hundreds of thousands by venture capital and initial public choices (IPOs), blew by means of most of it by way of rampant spending and fast expansion, ran out of cash reserves when revenues didn't reach anticipated levels, did not get additional funding because of market situations and went bankrupt inside just a year or two of launching. Most were felled by the dot-com bust, immediately or indirectly, though some were completed in by unwise acquisitions, lawsuits or nefarious doings.
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