Page 26 - ECOMMERCE COURSE MATERIALS
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Comercialization, privatization, broader access leads to the modern Internet:
1995 New Internet architecture with commercial ISPs connected at NAPs
1995 NSFNET decommissioned
1995 GOSIP updated to allow TCP/IP
1995 very high-speed Backbone Network Service (vBNS)
1995 IPv6 proposed
1998 Internet Corporation for Assigned Names and Numbers (ICANN)
1999 IEEE 802.11b wireless networking
1999 Internet2/Abilene Network
1999 vBNS+ allows broader access
2000 Dot-com bubble bursts
2001 New top-level domain names activated
2001 Code Red I, Code Red II, and Nimda worms
2003 National LambdaRail founded
2006 First meeting of the Internet Governance Forum
2010 First internationalized country code top-level domains registered
2012 ICANA begins accepting applications for new generic top-level domain names
2005 Google Earth virtual globe
2006 Twitter microblogging
2007 WikiLeaks anonymous news and information leaks
2007 Google Street View
2008 Amazon Elastic Compute Cloud (EC2)
2008 Dropbox cloud-based file hosting
2009 Bing search engine
2011 Google+ social networking
Further information: Timeline of popular Internet services
Almost every business, large and small has a presence on the internet. Some businesses sell mainly to other
businesses, B2B. Some sell to mainly consumers B2C. Most big companies like Walmart, Staples, and
Kmart sell through both the “brick and mortar” and “e-commerce” worlds.
It always a good idea to look at not only the successes but the failures. In the early 1990’s, it looked like
anyone with a computer and an internet connection could start up a business over the internet. That was of
course true. This did not mean the businesses would be successful any more than a business in the brick and
mortar world is. It still takes good planning and capital.
According to Wikipedia “The dot bomb era is the period of time following the dot com "bubble" of the late
1990's and into 2001. During the dot com era, Internet based businesses flourished. They were mostly
funded by venture capital and banks looking to cash in on the Internet trend.
When the dot com bubble burst, hundreds of companies went completely out of business. Thousands of
other companies laid off a large portion of their work force. It was a painful time in the technology industry,
particularly for those who had planned their mortgages and/or retirements based on the prices of the
technology stock they had been awarded or held in their stock portfolios.
Why the Bubble Burst
Some of the reasons often given for the dot bomb crash include the following:
A general economic recession during this period.
Findings of corporate corruption, and the subsequent bankruptcy, at several large companies, including a
few large technology companies.
The terrorist attacks of September 11, 2001.
The result was a long term recession, which hit the technology industry particularly hard.
What it means for Today
As a result of this time period, the shift in priorities in technology workers has moved. For example, more
importance is placed now on base compensation and the value of a strong business plan, especially amongst
workers that were "burned" during the dot com bomb.
In addition: another reason for failure was poor choice of products to sell over the internet. The pet store that
1995 New Internet architecture with commercial ISPs connected at NAPs
1995 NSFNET decommissioned
1995 GOSIP updated to allow TCP/IP
1995 very high-speed Backbone Network Service (vBNS)
1995 IPv6 proposed
1998 Internet Corporation for Assigned Names and Numbers (ICANN)
1999 IEEE 802.11b wireless networking
1999 Internet2/Abilene Network
1999 vBNS+ allows broader access
2000 Dot-com bubble bursts
2001 New top-level domain names activated
2001 Code Red I, Code Red II, and Nimda worms
2003 National LambdaRail founded
2006 First meeting of the Internet Governance Forum
2010 First internationalized country code top-level domains registered
2012 ICANA begins accepting applications for new generic top-level domain names
2005 Google Earth virtual globe
2006 Twitter microblogging
2007 WikiLeaks anonymous news and information leaks
2007 Google Street View
2008 Amazon Elastic Compute Cloud (EC2)
2008 Dropbox cloud-based file hosting
2009 Bing search engine
2011 Google+ social networking
Further information: Timeline of popular Internet services
Almost every business, large and small has a presence on the internet. Some businesses sell mainly to other
businesses, B2B. Some sell to mainly consumers B2C. Most big companies like Walmart, Staples, and
Kmart sell through both the “brick and mortar” and “e-commerce” worlds.
It always a good idea to look at not only the successes but the failures. In the early 1990’s, it looked like
anyone with a computer and an internet connection could start up a business over the internet. That was of
course true. This did not mean the businesses would be successful any more than a business in the brick and
mortar world is. It still takes good planning and capital.
According to Wikipedia “The dot bomb era is the period of time following the dot com "bubble" of the late
1990's and into 2001. During the dot com era, Internet based businesses flourished. They were mostly
funded by venture capital and banks looking to cash in on the Internet trend.
When the dot com bubble burst, hundreds of companies went completely out of business. Thousands of
other companies laid off a large portion of their work force. It was a painful time in the technology industry,
particularly for those who had planned their mortgages and/or retirements based on the prices of the
technology stock they had been awarded or held in their stock portfolios.
Why the Bubble Burst
Some of the reasons often given for the dot bomb crash include the following:
A general economic recession during this period.
Findings of corporate corruption, and the subsequent bankruptcy, at several large companies, including a
few large technology companies.
The terrorist attacks of September 11, 2001.
The result was a long term recession, which hit the technology industry particularly hard.
What it means for Today
As a result of this time period, the shift in priorities in technology workers has moved. For example, more
importance is placed now on base compensation and the value of a strong business plan, especially amongst
workers that were "burned" during the dot com bomb.
In addition: another reason for failure was poor choice of products to sell over the internet. The pet store that
