TONY PERKINS GETS FAN FOLLOWING IN OTTAWA
Tony went up to Canada for a speaking engagement and did some promotion for AlwaysOn and GoingOn. It went well and he got some press for us:
Burst Internet bubble will produce better companies, says forecaster
'Real action happens after the blowout'
The Ottawa Citizen
by Andrew Mayeda
Thursday, September 29, 2005
The way Tony Perkins sees it, there's nothing like the bursting of a bubble to lay the foundation for a great company.
As the founder and former editor-in-chief of Red Herring magazine, Mr. Perkins had a front-row seat on the dot-com boom and bust.
Once a bible of the Internet economy, the technology-oriented business magazine was once thick as a Bible as well --with ads.
But when the downturn hit, its fortunes mirrored those of many of the companies it covered, and it ceased publication. (It relaunched in 2003 under new leadership.)
Mr. Perkins can legitimately say he saw the bust coming. In 1999, he co-authored a book called The Internet Bubble that argued that many Internet companies were overvalued and only a fraction would be profitable in a few years.
His message now is similar to what it was then: The best companies emerge after a crash. (full article)