Bubble Watch: Silicon Valley in 2000
In the aftermath of the Y2K panic as the turn of the millennium approached, there was widespread relief as the Nasdaq rose to a high in March of 2000. Dot-com companies had risen precipitously despite net operating losses from heavy spending to build market share. But the tech bubble teetered as irrational exuberance was being displaced by doubt. The tech bubble was therefore poised for a steep fall when, during the summer of 2000, I took these photographs at start-up companies in and around SoMa in San Francisco and throughout Silicon Valley.