Internet Time Is Bad

from the slow-and-steady-wins-the-race dept

For about five years all anyone would talk about when starting a new business was how they had to work at internet time. Now internet time is being blamed for the collapsing dot com world. It appears (and anyone who stopped for a moment to look at things could have told you this) that internet time really meant “build things in a crappy way and rush them to market so we can cash out”. Not surprisingly, it’s tough to build successful long-term companies that way. However, the panelists at a Boston Globe panel who were discussing this came up with some other predictions – which basically sound like “basic business principles 101”. Great to see a bunch of failures who ignored these things suddenly preaching all the business fundamentals they were making fun of a few years back.

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