Tuesday, January 23
[This stern rant astutely identifies buzzword abuse as the root of the recent tech sector meltdown]
Subject: You are not the only victims
Date: Tue, 23 Jan 2001 18:56:16
I would be less concerned than I am if the problems you identify were limited to incompetent flaks. After all, it's easy to ignore them, and, as most people do ignore them, they cause little harm.
Unfortunately, the problems have spread to the real world where real people try to raise real money and consume real assets that might otherwise be dedicated to something productive. These real people, many of whom otherwise are smart, waste their time producing business plans for start-ups that actually are based on useful, viable technologies but which go into the recycling pile because they tell us nothing meaningful about the technologies.
I don't know if this is because they view venture capitalists as Pavlovian-trained lemmings who respond best to buzz words or because they hire flaks to edit "marketing-oriented" business plans. Whatever the cause, the shame is that decent engineers with decent ideas that they could articulate reasonably well produce "polished" business plans that incite no interest.
Keep up the fun.