WE’RE TAKING OUR ROUTERS AND GOING HOME

“The original Internet was handed over to commercial interests — not that that was a bad thing. In fact, it worked too well…. We won’t give the network away this time.”

Terry Rogers, director of the Abilene project, an academe-sponsored next-generation Internet, on how he intends to avoid success, The Industry Standard, 29 September 1998

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OH, WE’VE GOT CASH FLOWING — OUT, THAT IS

“I think it’s very difficult for a traditional bank to finance a company that is not cash-flow positive.”

Stacy Carlson, a branch director of Imperial Bank in northern Virginia, on the art of making loans to unprofitable startups, The Washington Post, 28 September 1998

HOW TO SPEND OTHER PEOPLE’S MONEY 101

“Fifteen years ago, if your company failed, it was a black mark on your resume. Now venture capital firms almost prefer it. You’ve got your scars, and you’ve learned some hard lessons.”

Steven Baloff, a venture capitalist at Advanced Technology Ventures, on the diminishing returns of the school of hard knocks, The New York Times, 20 September 1998