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« Sunday « July 26, 2009
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Bill Maher: New Rule: Not Everything in America Has to Make a Profit
(Huffington Post)
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"The United States always defined capitalism, but it didn't used to define us. But now it's becoming all that we are."You make some good points here, Mr. Maher, as usual. But since you've proposed this new rule: why not start doing your HBO and stand-up shows for free? After all, not everything has to make a profit, you say. Why make us pay for our laughs?
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« Sunday « July 19, 2009
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The Internet Is Dead (As An Investment)
(Wall Street Journal/WSJ.com)
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"I can live all day inside the Internet. I can talk to my friends, listen to music, watch TV, trade stocks, play games, do work - all on the Internet. From 6 a.m. until 10 p.m. every day I can spend on the Internet and it would be a day well spent. But run for the hills when it comes to advising clients to invest in the Internet."I'm not an investment fund manager, or a VC, so I can't say whether this guy's financial conclusions are right one way or another. I disagree with his sentiments, because I believe that at about 15-years-old, it's way too early to call the Internet "dead" from any angle you'd like to examine it. What I do know is that in the 15 years I've been working in Internet technology and in business practices centered around the Internet is that it's already changed the fundamental nature of almost everything it touches, and that process is only accelerating. If anything, the Internet is killing lots of old ways of doing business, and for the people, companies, and investors who keep their eye on these rapid and massive changes, there will be a big reward...eventually. Of course, all of the volatility that the Internet brings is exactly what destroys predictability, and for investment fund managers, and VCs, I suppose it's better to be alive in traditional businesses where you know what to expect, than to roll the dice on things that are far too disruptive and moving way too fast. Perhaps in these bad economic times, a sure thing is the prudent thing to seek out, but the Internet is far from dead, it's barely out of its infancy.
Related
Here's what a VC who spends heavily in the Internet thinks: The Internet Is Alive And Well (As An Investment) (A VC blog)
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