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I'm a great believer in particularly being alert to changes that change something, anything, by an order of magnitude, and nothing operates with the factors of 10 as profoundly as the Internet.
Andy Grove
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Andy Grove
Age: 79 †
Born: 1936
Born: August 2
Died: 2016
Died: March 21
Businessman
Computer Scientist
Engineer
Entrepreneur
Writer
Buda Pest
Andrew Stephen Grove
Andy Grove
András István Gróf
Andras Istvan Grof
Anything
Profoundly
Nothing
Factors
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Particularly
Changes
Internet
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Alert
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Magnitude
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The Internet doesn't change everything. It doesn't change supply and demand. It doesn't magically allow you to build businesses by turning investors' money into operating expenses indefinitely. The money always runs out eventually.. the Internet doesn't change that, as we have seen.
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I think it is very important for you to do two things: act on your temporary conviction as if it was a real conviction and when you realize that you are wrong, correct course very quickly.
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The worse the news, the more effort should go into communicating it.
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I don't see Merced appearing on a mainstream desktop inside of a decade.
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The boom was healthy too, even with its excesses. Because what this incredible valuation craze did was draw untold sums of billions of dollars into building the Internet infrastructure. The hundreds of billions of dollars that got invested in telecommunications, for example.
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