Listen and Learn from a genuinely wise man. Note the commentary
about Excite and Google (this situation plays out over and over
again in our industry).
Vinod
Khosla: Web 2.0 2005: "Web 2.0 enriches online user experience
by facilitating collaboration, participation, and communication.
This is exciting investors once more and new Web 2.0 startups are
finding it easy to get funding from venture capitalists. Although
Vinod Khosla is a venture capitalist himself, he warns startups to
learn the lessons of the failures of Web 1.0 companies and to use
the money they raise judiciously and to remain creative rather than
become comfortable with a business plan. [Web 2.0 audio from IT
Conversations]
"
(Via IT
Conversations.)