Internet valuations creating waves

Clearly, there has been a tremendous interest in investing in pure internet-related companies, particularly over the last 18 months. I think one of the original catalysts for this was the emergence of clarity and power in AOL's financial model. This triggered a wave of enthusiasm for the business to consumer (and consumer to consumer) internet stocks which lasted until April 1999. During this phase, and in fact for some months after that, there was a huge raft of business to consumer companies which came public to great, initial investor enthusiasm - companies like iVillage, eToys and Mar...