BusinessWeek’s Steve Hamm declares the death of Silicon Valley, which he says has become a land of get-rich-quick dreamers with the attention span of gnats. One of Steve’s first stops: A member of a dying breed known as Andy Grove. What really infuriates him is the concept of the “exit strategy.” That’s when leaders of startup companies make plans to sell out to the highest bidder rather than trying to build important companies over a long period. “Intel never had an exit strategy,” he tells me. “These days, people cobble something together. No capital. No technology. They measure eyeballs and sell advertising. Then they get rid of it. You can’t build an empire out of this kind of concoction. You don’t even try.”
“These Web 2.0 companies are surfing on the old wave. They’re not creating the next one,” says analyst Navi Radjou of Forrester Research (FORR), which studies the tech market.
Andy Grove On Web 2.0 And The Valley: Slackers
HAHAHAHA, it’s funny because it’s true
(via catbird)
