"We believe that many of the prominent new Internet companies are building real, high-growth, high-margin, highly defensible businesses."
What about profit? Doesn't ignoring profit (the article only mentions it in the context of Apple despite name dropping some other wildly unprofitable businesses) sort of suggest that maybe we are in fact making at least some of the same mistakes as the last bubble?
"Today's largest video service by number of subscribers is a software company: Netflix"
Netflix certainly uses a lot of software, but I think it is slightly disingenuous to paint them as a software company.
What about profit? Doesn't ignoring profit (the article only mentions it in the context of Apple despite name dropping some other wildly unprofitable businesses) sort of suggest that maybe we are in fact making at least some of the same mistakes as the last bubble?
"Today's largest video service by number of subscribers is a software company: Netflix"
Netflix certainly uses a lot of software, but I think it is slightly disingenuous to paint them as a software company.