Month: August 2001

“If we had every dollar back that we spent on parties, we would be in the same situation.”

Industry Standard editor Jonathan Weber, on the bankrupt magazine’s decline and fall after a spending binge that includes some notoriously lavish shindigs, San Francisco Chronicle, 17 August 2001

“I may make more money on the book and the movie than [I made on shares of] TGLO.”

Stephan Paternot, cofounder of the late, unlamented chat site Theglobe.com, on how he finally figured out how to cash in on the Internet, SmartMoney.com, 6 August 2001

“China is still very poor. Without our own operating system we can’t do anything, we’re completely at the mercy of Microsoft.”

Sun Yufang, chairman of Chinese Linux distributor Red Flag Software, Salon.com, 9 August 2001

“Just as we could have rode into the sunset, along came the Internet, and it tripled the significance of the PC.”

Intel chairman Andy Grove, on how the Net disrupted PC veterans’ planned obsolescence, ZDNN, 10 August 2001

“It’s pretty clear that [customers] know what their budgets are now, and what they want to spend it on.”

Loudcloud CEO Ben Horowitz, on discovering that big corporations didn’t want to buy the cow if they could get the milk at a discount, News.com, 13 August 2001