A VC on: Jealousy

Indeed, indeed.

Link [via Hugh]: A VC: Jealousy.

The Telco’s had their chance back in the mid 90s to develop all these value added services to run on their networks.  They didn’t do it.  They bought back stock, built golf courses, defrauded their shareholders, took on enourmous debt, and generally did everything other than take advantage of the incredible opportunity that they had with the coming of the Internet.  Bottom line – the screwed up.

Jarvis calls the Telcos "robber barons" and Om Malik calls this hairbrained scheme a "chimera".  I had to look that up.  Om’s either calling this money grubbing scheme a "fire breathing she monster" which sounds about right, or a "creation of the imagination" which it clearly is.

have two words for it:

Dream On

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