Money: Quote of the Week

Money: Quote of the Week

“These companies have money thrown at them. And that’s good, but it’s also dangerous. It’s good because it allows them to do big things, and it is dangerous because companies who have too much money don’t have the market discipline of learning to operate with the money that they bring in as part of their business… and developing a pattern or focusing that that discipline brings.”

That quote was by former CEO and current advisor of the Intel Corporation, Andrew S. Grove. He was speaking during the dotcom boom during the late 1990s and his words were quite accurate. There were some big winners from the dotcom rush but there was a huge number of companies that failed spectacularly.

Hopefully today as people are lining up once again to throw their money at companies like Facebook and Twitter, some crucial lessons will have been learned from that period.

comments powered by Disqus
WinWeb Business Cloud - Creating Financially Sustainable Businesses