Nick Timiraos reposted an old news story from 2000, recalling the tale of Sy Picon during the dot-com bubble. In January 2000, The Wall Street Journal reported that Sy Picon, founder of Sy Picon, a distributor of Pokémon and Speed Racer videos, dismissed concerns about Federal Reserve interest rate hikes. He believed venture capitalists were pouring money into his company, expecting "10x, 30x" returns, making a one-percentage-point increase in borrowing costs irrelevant. However, nine months later, The Washington Post reported that Syconet was in trouble, failing to secure funding, with most employees laid off to cut costs. Sy Picon himself resigned from his positions as president, CEO, and treasurer in July.