Internet and Economy Presentation

By Eric Kleppen and Jack Walther

Started in 1995

Centered around online startups with poor business models

Began in 1995 when Netscape went public turning its investors and creators into millionaires overnight.

People wanted to replicate the success Netscape had

The first big, commercialized web browser

Developed by Jim Clark and Marc Andreessen in 1994

Went public in 1995

Exemplifies free market capitalism and supply and demand.

Business determined the success or failure of the online startups. Naturally the most successful were easy to navigate and provided a positive customer experience

Video about the bubble bursting

What are some online businesses you use?

Successful websites are easy to navigate, suggest accessories, or similar items, and utilize customer feedback.

Examples: Amazon.com Google.com

Video case study

How do you think The Globe could have been successful after the bubble burst?

Fiber-optic cable bubble was the telecommunications response to the need for more bandwidth as some economists and businessmen predicted unlimited exponential growth of dotcom business.

Would you rather open an online store or a brick and mortar store?

Online sales continue to grow each year

They cost less to operate and can be managed out of the home

Online stores have a global reach

Cyber-Monday falls on the Monday after thanksgiving and black Friday

A trend backed by online and physical retailers

Over 1 billion was spent during 2010’s cyber-Monday.

Was the dot-com bubble beneficial in the long run?

Will there be another bubble with a new technology?

• Do you think that telephone applications like the ones designed for the iPhone and android phones were/are a technology that experienced a bubble?

Apple sold over 1.5 billion apps in the apps store’s first year.

Companies are investing large amounts of money into smartphone app development.

Smartphone sales are the most rapidly growing sector of mobile phone sales.