Peter Pollak
Peter Pollak
acquired companies exuberance irrational late losers small
The losers often are heterogeneous patchworks of many small companies acquired during the irrational exuberance in the late '90s.
everybody few growing jump longer niche period sees short sudden
Typically, there are a few niches, and everybody sees they are growing more rapidly, and so they jump on these niche markets. And all of a sudden they are no longer niche markets, and there will be too many players, and it's going to be very competitive in a short period of time.