> > INTERNET CAPITALIST APOLOGIZES FOR CONTRIBUTING TO DOT-COM FRENZY > Silicon Valley venture capitalist John Doerr, who is well-known in > technology circles for the investment acumen that led him to back the > founding of Netscape, Amazon, and other important companies, is offering > "something of an apology" for his famous statement calling the Internet > "the > largest legal creation of wealth in the history of the planet." Doerr is > sorry he said what he said, because the thinks the quote may have > contributed to the dot-com frenzy. He says the frenzy was based largely on > a > "mercenary" drive for get-rich-quick returns, rather than on a true > "missionary" spirit: "There's a battle going on for the soul of the > entrepreneur. It's a contest between missionaries and mercenaries." (San > Jose Mercury News 16 Jul 2001) > http://www.siliconvalley.com/docs/news/svfront/doerr071601.htm > >
