How did dot-com bubble burst affect IT? What were the IT practices that contributed to the recovery of business and economy? Please answer using 1 paragraph

IT Venture capitalists were seeing the high rise in stock market for dot-com
companies and therefore it enabled them to move faster in investing while overlooking the
company performance and other traditional metrics like P/E ratio. These dot-com companies
were chasing for high customer base in spite of operating on large annual...