Neither top financiers nor industry watchers could predict when, by how much, or for how long the markets would fall. West Coast venture capitalist Tim Draper dressed up as Batman for the March 2000 launch party of Draper Fisher Jurvetson’s $100 million “Gotham” fund, only weeks before the crash.8 Alley Cat News featured the headline “When the Money Keeps Rolling In: 20 VCs Fueling the Growth of Silicon Alley” on its January 2000 cover, even though that money would slow to a trickle just a few weeks after the issue ran. AtNewYork in its end-of-year issue wrote that money “flowed into Silicon Alley in 1999 at a pace that shocked anyone who still remembers the struggling days of shared Ethernet connections, illegal loft apartment offices, and pirated software.”
lmao