The Internet doesn't change everything. It doesn't change supply and d…

Andy Grove
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The Internet doesn't change everything. It doesn't change supply and demand. It doesn't magically allow you to build businesses by turning investors' money into operating expenses indefinitely. The money always runs out eventually.. the Internet doesn't change that, as we have seen. ✨ Andy Grove's Rational Exuberance. Interview with John Heilemann, www.wired.com. June 1, 2001.
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By the late '90s, those who were paying attention perceived the Internet as a 20-foot tidal wave coming, and we are all in kayaks.
The boom was healthy too, even with its excesses. Because what this incredible valuation craze did was draw untold sums of billions of dollars into building the Internet infrastructure. The hundreds … ▶
Let chaos reign, then rein in chaos.
There are two options: adapt or die. ✨ High Output Management. Book by Andrew Grove, p. 229, 1995.

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