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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.08

-0.2%

Dec 29 3:59 PM EST

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To: H James Morris who wrote (124700)	5/7/2001 3:38:18 PM
From: Alomex	Read Replies (2) of 164684

If HomeGrocer had worked the kinks out of its model before moving to other cities, it probably would still be around. But if HomeGrocer hadn't planned such an aggressive launch, it would have never gone public, raising the capital required to execute their vision. "We probably should've followed our own instincts more than Wall Street," said Dan Lee, who was HomeGrocer's chief financial officer. "Wall Street was pushing us to go into too many cities faster than we should have. It was like building a car while you're driving it." And that is the story of the dot com bubble. Until this VCs were the ones who kept overoptimistic founders from expanding to quick. They were the ones who made sure that a proper management team was in place, often moving the founders aside early on. But during the dot com bubble it was the VCs who said "profits be damned, first to market wins". Almost any new economy company that you grab out there "coulda woulda" made it if only they didn't expand like there was no tomorrow. If only they had paused an expanded a bit more carefully, learning from earlier efforts and removing the deadwood picked up during rapid expansion phases. If only...

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