Lessons from Silicon Valley

Here's a fascinating article by the BBC's Peter Day about former Excite executive, Joe Kraus. Excite was a search engine, very similar to Google and once had 2,500 employees. Whereas Google founders, Sergey Brin and Larry Page, are now billionaires, Joe Kraus is not.

In the article, Kraus offered up several great pieces of wisdom:

• Being early is the same as being wrong.
• The internet is a new sort of market place that needs new business plans to make it work.
• The 20th Century mass production world was about dozens of markets of millions of people. The 21st Century is all about millions of markets of dozens of people.