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Many of these start-ups went public and received much more investment money. More attention was paid to hype than to stable business plans. Stocks soared to unimaginable (and inflated) heights and everyone concerned expected to grow to be a millionaire. In some cases, early traders cashed out and pocketed some sweet coin. However in March 2000, when the tech bubble burst, those that did not get out early sufficient had been left with nothing but shattered desires. Lots of the corporate busts followed a pattern: The fledgling enterprise acquired lots of of thousands and thousands by way of venture capital and preliminary public offerings (IPOs), blew by way of most of it through rampant spending and rapid growth, ran out of cash reserves when revenues didn't attain anticipated ranges, failed to get additional funding due to market conditions and went bankrupt within only a yr or two of launching. Most were felled by the dot-com bust, directly or not directly, though some have been done in by unwise acquisitions, lawsuits or nefarious doings.
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