GE Chairman Jack Welch Not Scared Of Dot Coms

from the well,-why-should-he-be? dept

Apparently, Jack Welch thinks that dot coms are wasting their time competing with big companies that are sure to beat them. Of course, that makes me wonder what Jack Welch is doing on Idealab's board, other than shutting down the cool companies. I do understand that big companies often have more resources and operational expertise, but that doesn't mean that startups can't beat the big companies. The whole advantage of startups are their speed and fresh look on things.

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