May 20, 2000
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Rafe Colburn hits a particular nail smack dab on the head:
“My fundamental problem with the Internet industry today is that a huge percentage of the “dot coms” are companies based on stupid ideas that are executing on those stupid ideas very poorly.”
Thanks, Rafe. I have been trying to put a similar revelation into plain English for months. There are too many startups out there who seem to confuse burn rate scars and venture capital drool with useful concepts and marketable services.
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