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  "documentTitle": "2015 Bond Cap Internet Trends 2015",
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  "authorName": "Mary Meeker",
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      "text": "Booms / Busts – In periods of material business disruption – like those brought about by the evolutions of the Internet – company creation typically goes through a boom → bust → boom-let cycle while wealth creation typically goes through a boom-let → bust → boom cycle.\nValuations – There are pockets of Internet company overvaluation but there are also pockets of undervaluation – the one rule is that very few companies will win – those that do – can win big.\nPlatforms – Race is won by those that build platforms & drive free cash flow over long-term (a decade or more).\nFree Cash Flow – Value of a business, over time, is the present value of its future cash flows.",
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