Feeds

The return of the dotcom yuppie?

Young guns aim for the Internet

  • alert
  • submit to reddit

The essential guide to IT transformation

Budding entrepreneurs are increasingly keen to start up online businesses, suggesting that the dotcom downturn is over, new research has found. A survey of MBA students by Palo Alto Software found that 74 per cent were planning to set up a business after graduation, with six in ten of those wanting to start up on the Internet.

According to the research, young entrepreneurs appear to have learnt the lessons of the dotcom boom and bust, with three quarters claiming that their top priority would be "planning ahead for opportunities and challenges rather than following mad hype".

Palo Alto said that this optimism was well-founded, pointing out that online businesses are enjoying a period of profitability after the downturn of the late 1990s. Many small businesses have found it worthwhile to go online rather than have "bricks and mortar" stores, citing lower overheads and a decreased risk of crime. Ecommerce spending has rocketed in recent years, with growth in online shopping outstripping traditional high street purchases for the past two Christmases.

Tim Berry, chief executive of Palo Alto, said that the new breed of entrepreneurs are intelligent and cautious: "There is no question that setting up an internet arm to any business is appealing and a good business model - with it you gain an international shop window and global reach. However, as young entrepreneurs dip their toes back in the water, I hope they remember the lessons they claim to have learned from the dotcom boom and plan, plan, plan to make their businesses a success."

Copyright © 2004, Startups.co.uk logo

Related stories

Lastminute.com axes 350 jobs
The dot-com revival begins in the Midwest
UK and Ireland has bumper e-Xmas

Boost IT visibility and business value

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.