2/ Why was Level 3 communications able to raise so much capital? It was able to gain so much captial because it was a successful company. They had a product that was in demand. This was around the time internet got really popular. The market wasn't ready for it and couldn't support it. The rate at which internet traffic was growing was high but not high enough. Or atleast not to be "printing money". While the product was in demand it wasn't as high in demand as Mr. Crowe thought it was. He was very successful, had lots of funds to his name, and his company was doing well. Nobody expected it to go down. While it wasn't a total loss. The company found ways to do work and still use the fiber wires, but not as much as was intended.
So was it a total loss? In my mind no. It was ahead of its time yes. It however was not a loss. Eventually we will need what Mr. Crowe predicted for communications. Not right away though. The company still has the chance to grow and be ahead of the competition, it still has other avenues it can use until that time reaches.
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