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Steve Case and Clara Sieg on how the COVID-19 crisis differs from the dot-com bust

Steve Case and Clara Sieg of Revolution recently spoke on TechCrunchs new series, Extra Crunch Live. Throughout the hour-long chat, we touched on numerous subjects, including how diverse founders can take advantage during this downturn and how remote work may lead to growth outside Silicon Valley. The pair have a unique vantage point, with Steve Case, co-founder and former CEO of AOL turned VC, and Clara Sieg, a Stanford-educated VC heading up Revolutions Silicon Valley office.
Together, Case and Sieg laid out how the current crisis is different from the dot-com bust of the late nineties. Because of the differences, their outlook is bullish on the tech sectors ability to pull through.
And for everyone who couldnt join us live, the full video replay is embedded below. (You can get access here if you need it.)
Case said that during the run-up to the dot-com bust, it was a different environment.
When we got started at AOL, which was back in 1985, the Internet didnt exist yet, Case said. I think 3% of people were online or online an hour a week. And it took us a decade to get going. By the year 2000, which is sort of the peak of AOLs success, we had about half of all the U.S. internet traffic, and the market value soared. Thats when suddenly, when any company with a dot-com name was getting funded. Many were going public without even having much in the way of revenues. Thats not were dealing with now.
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