A Brief History on e-commerce Industry

A brief history on e-commerce industry

 

This is a quick review from the 1^st class of E-business. It sounds like a folklore but the evolution of e-commerce today is quite interesting and can be seen as a step by step correction in the business models as the time and world events took place.

 

Source of Funding	Business Model	Business Focused On
Startup Period 1996 to 2000
Venture Capitalists	Put No Money in Advertising	Innovation in Product and Services
2001 Dot Com bubble burst: Money disappeared from the market. VC's backed out.
Banks	To make money on every transaction made	Save costs. Hundreds of Millions saved in B2C and Trillions saved in B2B segment
2008 World Prosperity: B2B Business Models vanish. VC's reappear and focus shifts on Innovation.
Venture Capitalists	Advertisement Earnings	Innovation Again
WHAT NEXT?

 

The history gives us the roller coaster ride taken by the e-commerce industry and cautions whether there will be another Bubble Burst in this industry in the time to come.

 

Submitted By:

Varun Manglik

12DM-158

manglik.65@gmail.com