Things did not work out that way, though, and the result was the dotcom crash.

ECONOMIST: Internet companies

Now comes the smart phone megacycle, which began, interestingly, around the time of the dotcom crash in 2000-01.

FORBES: Apple, Google, Microsoft, RIM -- Buy 'Em All!

Undoubtedly, today's big online ventures are on a surer footing than those that fell in the last dotcom crash.

ECONOMIST: An echo of a boom?

The last peak for fund-raising was 2000, the year of the dotcom crash.

ECONOMIST: The real risks of private equity

It is ten years since the dotcom crash severely burnt investors.

FORBES: Sharks, Sardines And 'The Year For Equities'

Now, there are other things that Greenspan can be blamed for: like the common belief that the housing boom was deliberately stoked up to deal with the aftermath of the dotcom crash.

FORBES: George Monbiot Blames Ayn Rand and Alan Greenspan For Just About Everything

Blue Nile was one of several diamond or jewellery sites launched during the late 1990s, but its need to preserve capital after the dotcom crash led to a crucial innovation in its business model.

ECONOMIST: Gentlemen prefer buying diamonds online

This has changed dramatically since the dotcom crash.

FORBES: Five Stocks To Buy For 'Bond-ageddon'

Time will tell if the RMB funds go the way of those in the late 1990s dotcom boom, with too much money rushing in and valuations rising before a crash.

FORBES: China's New RMB Funds Look Too Hot

The chief executive of Business Intelligence software company Microstrategy is remembered for his flamboyant pronouncements, and sketchy bookkeeping that led to a spectacular corporate crash (and payment to the Securities and Exchange Commission) in the dotcom era.

FORBES: Microstrategy's Michael Saylor Is Back, And Not Shy About It