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October 10th, 2007
The Nanotech Potion: The Cure for the Internet Bubble Blues
But 2001 was a fortuitous year for the Internet economy to come crashing down because it coincided with the creation of the National Nanotechnology Initiative and talk of a $1 trillion market by 2015.
To be sure investors started to see sugar-plum fairies dancing in their heads with the prospect of somewhere to make their next million, but investors are a wary lot—it's money after all.
The real group that took off with this idea of nanotech investing was the pundit community, still reeling from the loss of the best cash cow they ever had. Only this time they came equipped with a new name and a whole new vocabulary. "Revolutionary" and "a new industrial revolution" and a whole lexicon of hyperbole that would get those investors just afraid and greedy enough to give it a shot.
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