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 new high in March of 2000. But beneath the surface, the tech bubble teetered. Emerging dot-com companies had risen precipitously despite net operating losses from heavy spending to build market share, so “irrational exuberance” was in danger of 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 Silicon Valley and in SoMa in San Francisco.