“This is the best time to start an Internet company since the dot-com boom. Well, except it’s a lot more difficult now to get filthy rich on a moronic idea, which may take some of the wind out of your sails. But other than that, something truly remarkable is going on. The cost of starting a Web-based company is plummeting. Some in the industry estimate that it costs one-tenth or less to start an Internet company today than it did just five years ago.”

“Product management may be the one job that the organization would get along fine without (at least for a good while). Without engineers, nothing would get built. Without sales people, nothing is sold. Without designers, the product looks like crap. But in a world without PMs, everyone simply fills in the gap and goes on with their lives. It’s important to remember that — as a PM, you’re expendable. Now, in the long run great product management usually makes the difference between winning and losing, but you have to prove it.”

“In my last newsletter, I reviewed a technology framework for supporting a smart business environment. This time I look at the types of business problems such a framework helps to resolve and the tasks involved in building a smart business IT framework.”