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Many of the business models were good too but they had the timing wrong.

Petfoods.com IPO for about $300 million. $573 million adjusted for inflation.

Chewy is at a 14 billion market cap right now.

I think comparing LLMs and the dotcom bubble is just incredibly lazy and useless thinking. If anything , all previous bubbles show is what is not going to happen again.

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> I think comparing LLMs and the dotcom bubble is just incredibly lazy and useless thinking. If anything , all previous bubbles show is what is not going to happen again.

Curious to hear more here. What is lazy about it? My general hypothesis is that ~95% of AI companies are overvalued by an order of magnitude or more and will end up with huge investor losses. But longer term (10+ years) many will end up being correctly valued at an order of magnitude above today's levels. This aligns perfectly with your pets.com/Chewy example.

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