Re: The state of the web developing biz.

When it comes to business, the following should be framed in GOLD above 
your desk.

                         "Nothing ventured, nothing gained."

Regards,
Thilo

At 12:52 PM 02/05/30, Darrell King wrote:
>Helluva way to run a business, dontcha think?  I remember saying back in
>1998 that I was going to bootstrap my company, and that I wasn't going to
>invest in anything, whether money or time, that did not have a reasoned plan
>to return a tangible profit.  People told me that "isn't the way it's done"
>and that I would never make it big that way.
>
>Guess they were right on both counts.  Apparently, the only thing common
>sense buys is longevity...:).
>
>D
>
>----- Original Message -----
>From: "jim barchuk"
>
>Those ideas reminded me of a 'dotcom crash of '00' documentary on History
>Channel not long ago. -Both- of those aspects were major contributors.
>
>Well, the root of it all really was the investors but that's a different
>side of the coin.
>
>Overhead. There were interviews with several 'geeks with a new $M budget
>to play with.' The -first- thing they always did was have a party. Big,
>major, mondo blockbuster parties. And more. And lots more. They spent
>money like there wasn't going to be any end to it, without ever bringing
>in more than a few dimes. If they had spent it on development and not just
>funfunfun they'd have lasted a -lot- longer and maybe had a better chance.
>
>The vision thing, all the geeks knew was they had was mega$, and tbytes
>worth of servers, and gbits worth of bandwidth, and some of the brightest
>brains on the planet, but only the *vaguest* idea of what to do with it
>all!! So they fudged and messed around with little direction or goal and
>never really *DID* anything. Well, they had tech goals, but if marketing
>and sales and all that other vague 'soft' science isn't mixed in the geeks
>don't have any -solid- plans and don't have a chance.
>
>Billions down the drain for nothing.
>
>60 Mins did a segment today on how the wall street (lower case)  villains
>kept feeding lines about 'great potential' and 'hold course' and *LIED* to
>everyone. All they did was make the final situation worse because no one
>had a clue it was coming. I did and probably others too but that's a
>different topic. :)

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