Steve Case and Clara Sieg of Revolution recently spoke on TechCrunch’s new series, Additional Crunch Live. Throughout the hour-long chat, we touched on many subjects, including how varied creators can capitalize during this slump and how remote work might lead to growth outside Silicon Valley. The two have an unique vantage point, with Steve Case, co-founder and former CEO of AOL turned VC, and Clara Sieg, a Stanford-educated VC directing Revolution
‘s Silicon Valley workplace. Together, Case and Sieg set out how the present crisis is various from the dot-com bust of the late nineties. Since of the differences, their outlook is bullish on the tech sector’s capability to pull through.
And for everyone who could not join us live, the complete video replay is embedded below. ( You can get gain access to here if you require it.)
Case said that throughout the run-up to the dot-com bust, it was a different environment.
“When we began at AOL, which was back in 1985, the web didn’t exist yet,” Case stated. “I think 3% of individuals 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 AOL’s success, we had about half of all the U.S. web traffic, and the marketplace worth soared. That’s when unexpectedly, when any business with a dot-com name was getting moneyed. Many were going public without even having much in the way of profits. That’s not we’re handling now.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.