Fifteen years ago, the early pioneers who launched the world wide web were not aiming to make money.
The internet is a global phenomena |
But within a few years, the streets around Palo Alto, California, the home of Stanford University, were buzzing with venture capitalists and dot.com entrepreneurs.
The rents of the low rise offices in Sand Hill Road, the home of the venture capital industry, soared to levels higher than those in London or New York.
Meanwhile, the waiting list for BMWs rose to 5 years, and more and more fancy restaurants were opening in San Francisco's newly trendy SoMa district.