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January 8, 2006

too little, too late

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A real gem from Fred Wil­son. All to do with the US telephone com­pa­nies pathe­ticly trying to muscle in on Goo­gle and iTu­nes’ action, for no other rea­son than jea­lousy.
Sounds like they’ll have an uphill strug­gle. Like Fred says::

The Telco’s had their chance back in the mid 90s to deve­lop all these value added ser­vi­ces to run on their net­works. They didn’t do it. They bought back stock, built golf cour­ses, defrau­ded their sha­rehol­ders, took on enour­mous debt, and gene­rally did everything other than take advan­tage of the inc­re­di­ble oppor­tu­nity that they had with the coming of the Inter­net. Bot­tom line — they scre­wed up.

PS: Fred Wil­son is on my “Must Read” list [along with about a dozen others]. Skip him at your peril.

One Response to “too little, too late”

1. Rafi says:

   January 9, 2006 at 1:54 AM

   You and Fred are both on my must read list. Who are the rest of yours?