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Date: 4/19/2001 3:32:29 PM (GMT-7)
IP Address: 126.96.36.199
Saw this on Ars a little while ago...
Boo! And the 100 Other Dumbest Moments in e-Business History
Some favorites include:
#08) With prescience rivaling that of Piecyk, iVillage founder and CEO Candice Carpenter tells Fast Company in February 1998, "There isn't an Internet company in the world that's going to fail because of mistakes -- Internet companies make thousands of mistakes every week."
#10) Not to be outdone, Blodget writes the following in a column for News.com in January 1999: "Unlike with other famous bubbles ... the Internet bubble is riding on rock-solid fundamentals, perhaps stronger than any the market has seen before. Underlying the crazy price increases are the foundations of what could become the early 21st century's leading growth companies.... Just because the Internet stock phenomenon looks like a bubble, it isn't a given that the bubble will burst."
#19) After raising $10 million in funding in May 1998, James Cramer, co-founder of TheStreet.com, issues a press release in which he exults, "The dead-tree boys must be shaking in their boots. We now have the money we need to complete our vision of crushing the old-line media behemoths." TheStreet.com now trades at about $2 a share. Meanwhile, many of our readers are holding a dead tree.
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