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Dot-com bubble
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===Legacy=== As growth in the technology sector stabilized, companies consolidated; some, such as [[Amazon.com]], [[eBay]], [[Nvidia]] and [[Google]], gained market share and came to dominate their respective fields. The most valuable public companies are now generally in the technology sector.{{citation needed|date=October 2024}} In a 2015 book, venture capitalist [[Fred Wilson (financier)|Fred Wilson]], who funded many dot-com companies and lost 90% of his net worth when the bubble burst, said about the dot-com bubble: {{Blockquote|A friend of mine has a great line. He says "Nothing important has ever been built without [[irrational exuberance]]." Meaning that you need some of this mania to cause investors to open up their pocketbooks and finance the building of the railroads or the automobile or aerospace industry or whatever. And in this case, much of the capital invested was lost, but also much of it was invested in a very high [[throughput]] backbone for the Internet, and lots of software that works, and databases and server structure. All that stuff has allowed what we have today, which has changed all our lives... that's what all this speculative mania built.<ref>{{cite news |title=Here's what the future of bitcoin looks like—and it's bright |url=https://venturebeat.com/2016/02/14/heres-what-the-future-of-bitcoin-looks-like-and-its-bright/ |first=Jacob |last=Donnelly |work=[[VentureBeat]] |date=February 14, 2016 |access-date=April 14, 2017 |archive-date=April 15, 2017 |archive-url=https://web.archive.org/web/20170415200336/https://venturebeat.com/2016/02/14/heres-what-the-future-of-bitcoin-looks-like-and-its-bright/ |url-status=live }}</ref>}}
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