The Internet bubble that began in the last decade of the 20th century was both a feast for investors and a tragedy that had been brewing for years.

In 1993, the NCSA organization at the University of Illinois in Urbana, Illinois, USA, released Mosaic, the first widely used web browser in the history of the Internet.

The first version of Mosaic, Alpha, released in January 1993, could only run on the XWindow system, and it was not until September of the same year that it supported operating systems such as Macintosh and Windows.

At this time, Marc Anderson, the core figure in the development of Mosaic browser, and Jim Clark, the founder of Silicon Graphics, saw the broad prospects of Mosaic browser, so they worked together to establish "Mosaic Communication Corporation" in California, USA on April 4, 1994.

However, after Mosaic was established, the NCSA organization of the University of Illinois owned the trademark copyright of Mosaic, and the University of Illinois had transferred the technology to Telescope Entertainment, so the Mosaic development team had to completely rewrite the browser code.

On October 13, 1994, the browser Mosaic Netscape 0.9 developed by the company was released. Although it was still a beta version, the browser was a great success and became the most popular browser at the time. On November 14, 1994, in order to avoid trademark ownership issues with NCSA, Mosaic changed its name to Netscape Communications Corporation, and the browser was also renamed the famous "Netscape Navigator".

Before Microsoft's IE browser became popular, Netscape Navigator was the most popular browser on the Internet at that time. Although this browser and even Netscape Corporation eventually disappeared in the long river of history, no one can deny the huge contribution of Mosaic browser to the Internet.

In fact, with the emergence of Mosaic browser and WorldWideWeb, the Internet began to attract public attention and made it truly accessible to everyone. By 1996, a public website had become a necessity for most US listed companies.

In the early days of the Internet market, people only saw the Internet's characteristics of free publishing and instant global information. However, when people gradually began to adapt to two-way communication on the Internet, direct business and global instant group communication based on the Internet were completely opened up.

These new concepts have fascinated many young talents, who believe that this new Internet-based business model will emerge and hope to be the first to make money with the new model.

This is the fundamental driving force behind the initial Internet market!

An emerging market will inevitably attract the attention of investors, and the rise of new concepts has led to a surge in the stock prices of Internet companies. Those investors who initially invested in Internet companies have gained huge profits, which has attracted more investors to invest.

Moreover, the immaturity of the Internet market at that time meant that even if an Internet company only had a concept, it could attract the attention of many investors. Therefore, as more and more "concepts" appeared, the popularity of the Internet market was naturally inevitable.

As a result, along with the success of a series of Internet companies such as Netscape and Yahoo, and the rapid expansion of established IT companies such as Microsoft, Oracle, and Cisco, the Internet market in the United States began to develop beyond normal norms starting in 1995. In just six years, the entire Internet market was built from scratch, and eventually formed a huge market with a market value of up to 5 trillion US dollars in just six years. The previously unknown Nasdaq index also soared from only a few hundred points to a maximum of 5132.52 points in a short period of time!

The rapid rise of the Internet market has made this emerging market, which has not experienced any market tests, sought after by many people. As a result, the market value of those Internet companies has soared, and the owners of those Internet companies will inevitably become psychologically inflated.

For the owners of these Internet companies, the pursuit of many investors has made their wealth soar like a balloon. This is no different from suddenly becoming rich.

Therefore, the mentality of those Internet business owners who became rich overnight just by relying on an "idea" or "concept" inevitably changed. If the money came so easily, why not spend it as much as possible?

As a result, many Internet companies began to spend lavishly on internal expenses, such as carefully customizing business facilities, providing luxurious vacations for employees, and so on.

The most important thing is that most of these Internet companies pay their executives and employees with stock options instead of cash, so when the company goes public, these executives and employees immediately become millionaires. And a large part of these people will invest their new wealth in more Internet companies.

This created a snowball situation, which eventually led to the snowball getting bigger and bigger, forming a huge market with a market value of up to 5 trillion US dollars in just six years.

However, what supports such a large market is not real performance, but a series of incredible "ideas" or "concepts". In other words, in such a big market, as long as you can come up with a popular concept, you will immediately become a billionaire!

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