I reallly think everything is industry and most industries are cyclical. With the exception of a few *really* high barrier to entry industries (e.g. cars, movie studios, electric corps etc..) i think you constantly see a flux of new industry leaders.
Did anybody else read the post a few weeks ago where fantasyman literally said that he had his time to shine and he enjoyed it... but that now it's time for a newer younger group to dominate?
I just find it interesting. What is also interesting for me is the perspectives of people... most of ya'll on this board were making money hand over fist in 96-99 when margins were huge and surfers were suckers... whereas guys like us werent making a dime then because in all likelihood we werent even in the biz yet..
whereas newer sponsors see 1000 joins a day, get excited and make it with generous margins in comparison to most industries... while old-timers see it and think "oh fuck, only 1000 joins a day? the sky is falling" and because they were used to and built around exorbitant margins.. they have a hard time making money with their old business models...
just my
