Gadgetopia

I just watched the dotcom bubble from a distance. I never had a personal interest in it other than a mutual fund or two in my 401K. If this article from Robert Cringely over at PBS is to be believed, that may have been a good thing.

Cringely tells the story of how venture capitalists have a nasty tendency to ruin companies by swooping in, stocking the board, and selling the company’s soul in an attempt to pump up an IPO. They stifle innovation and anything else that won’t result in a healthy first-day jump, then they move on and let the company wither and die. Interesting and sad at the same time.