In the few sections of this second chapter author has shared some of the history with us like what happened at the time of 90s.

Then he shared Dot-Com Mania from 1998 to March 2000. Then the Dot-Com Boom. 

Now starts the PayPal Mania in which author shares his experiences of starting his company PayPal. The Book is itself written by the owner of PayPal Mr. PETER THIEL.

Peter Theil shares us the Lessons which he learnt during the phase.

LESSONS LEARNED 

Do you know at that time Globalisation was replaced by technology as the hope for the future.

And silicon valley became an IT Hub.

Peter Theil shares 4 Big Lessons which he Learned from the Dot-Com crash.

1. Make Incremental Advances.

2. Stay Lean and Flexible. 

3. Improve on the Competition. 

4. Focus on the Product not on sales.