“If we’re ever going to develop an entrepreneurial culture on this continent, we’ve got to let people fail. Out of 10 start-up Internet companies, only one will work. It doesn’t reflect on our own company.”
Lastminute.com cofounder Martha Lane Fox, urging European investors to pay no attention to the losses behind the curtain, The Electronic Telegraph, 10 August 2000
“Our intent is not to lose money indefinitely.”
NBCi CEO Will Lansing, on the GE-backed portal’s desire to inflict losses on its parent for a shorter period of time than previously planned, The New York Times, 9 August 2000
“We are justified to take information for limited-display devices, considering the limitations. We are not taking money for the content.”
GoSMS.com CEO Yuval Golan, using the Napster defense to justify his creative repurposing of copyrighted news stories for cell-phone viewing, Los Angeles Times, 7 August 2000
“Influential Merrill Lynch analyst Henry Blodget downgraded an array of Net stocks today in an effort to differentiate the sinkers from the floaters.”
News.com reporters Jim Hu and Dawn Kawamoto, reporting on a famed Internet bull’s suggestion that it’s time for certain Net stocks to scat, News.com, 7 August 2000
“We’ve dialed back our cash-based marketing expenses, yet we’re still driving over 2.5 million users to our Web sites each month.”
Salon.com CEO Michael O’Donnell, raising questions about why his company spent liberally on TV ads in the first place, prompting belt-tightening layoffs earlier this year, San Francisco Examiner, 3 August 2000
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