Initial funding for
dot.coms of the region can carry the average company for 15 to 20 months.
Last year the only struggle faced by
dot.com employees in the United States was finding a car dealer who still had the latest BMW in stock.
PLENTY of hype has surrounded the introduction of internet car retailing using the
dot.com revolution.
"Traditional companies have to look for new and compelling ways to provide value to employees." In a world in which a few
dot.coms have been offering BMWs to lure the best and the brightest, old-line companies have a tough time competing - though the emerging shakeout of some Internet-based businesses may help pare down the more outlandish inducements.
People who were happily employed a year ago are succumbing to the-grass-is-greener syndrome or are victims of
dot.com envy.
Making money by selling things, even immaterial things like commentaries, is just so 1985--better to take a lesson from the truly up-to-date
dot.coms, the ones that never get to the point of having anything to sell.
"[In San Francisco], the newspapers are filled with stories about the new economy, and
dot.coms seem to be the top companies in town to work for," says Mark McLaughlin, who transferred his experience with Colliers, CB Richard Ellis, and Jones Lang LaSalle to LoopNet in 1999.
The first initiative will be the SpeechSpot, a cutting-edge advertising medium that allows
dot.com and portal companies to extend their ad-supported web business models to the world of speech and wireless.
It's also worth mentioning that a lot of
dot.coms start out on shaky ground by forming for the sole purpose of offering a service, turning a quick profit and being sold.
Established businesses are advised to adopt one or more of three strategic approaches to meet the threats from the
dot.coms head on and to exploit the opportunities.
But the system which helped give
dot.coms life, contained the seeds of their own destruction, Mr Duncombe said.
"Even with the current volatility surrounding
dot.com companies, many leases during this quarter were actually signed by
dot.coms expanding their businesses or launching new products," Krasnow said.
The guide, called The Internet - Accounting in the new economy, covers established companies - those setting up their own websites or entering into e-trading arrangements with other entities - as well as the new economy
dot.coms.
There will be less trading and fewer IPOs, fewer
dot.coms, less demand and an increase in supply.
Business advisers Ernst & Young is urging
dot.coms to embark on a business health-check to help them survive the current e-commerce shake-out.
