bBlog: The sales, marketing and business weblog
21st December 2001

The Myth of Internet Time

“…an important factor that helps explain why giant new ventures like Metricom and Webvan failed is that Internet time is a myth. New technologies are generally being developed faster than before, but they generally do not spread through society any faster. That is a key reason that most dot-com business plans were doomed to failure….Being small allows for adjusting to the speed with which new products and services can diffuse, as opposed to having to depend on every conceivable consumer jumping on your bandwagon the moment you open for business.”

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