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Sharing the stories of organizational failure due to a lack of enterprise innovation can create a sense of urgency in employees and make them understand the stakes. In 1998, Google founders were ready to sell it to Yahoo for USD one million — but Yahoo refused the opportunity. ApplicationDevelopment Activity.
Looking ahead at the next decade I am excited by what I believe will be viewed as one of the best and most rational investment periods for venture capital due to seven discrete factors: 1. If you want to understand the details of why this is, I covered it in detail in this post, Understanding Changes in the Software Industry.
In the great bubble of 1998-2000, the boom in public valuations mirrored the boom in private valuations. Companies that produce little value today might still receive high valuations due to high growth expectations. The open source movement dramatically reduced the cost and improved the quality of systems software.
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