|
yeah, I see your point. I mean Dell never was able to catch all those other boxmakers it was way behind. Some of them are even still in business. And Walmart still lags far behind Sears, Kmart and JcPenney. NOT. I don't quarrel that lots of purely speculative startups are being valued absurdly, just that I don't think this is one of them. Time will tell, I voted with my pocketbook, perhaps you will with a short. One could easily turn your points the other direction and argue that traditionally it isn't the first in an area of tech that ends up as a big winner. Go to any automobile museum or a museum of science and industry and I think you'll find plenty of supporting examples. Sometimes doing things better and differently as an industry starts to mature can work out just fine. Microsoft and Dell illustrate that being first isn't nearly as important as running your business the best. In fact, they prove well and self-admittedly, that its not even all that important to be the best. I don't mean to compare E-loan to Dell and MSFT, but I think that many other factors play into this debate, other than "they didn't get in early and weren't the first." Ask most people who invented the graphical user interface. I'll bet they say "I don't know, I don't care, but I use Windows 98/2000/NT." |
