Monday, June 27, 2005
Start Spreading the News
By John Heilemann, June 22, 2005
A little over two years ago, in March 2003, I wrote the very first Face Time -- a column that asked if Silicon Valley was turning into the new Detroit. In support of this suggestion, I cited a bunch of Valley venture capitalists spouting unusually dire assessments of the entrepreneurial condition. The collapse of the bubble, these VCs said, was more than a cyclical slump. It marked the start of a prolonged period in which innovation would be marginal and plodding -- and venture capital, like the Valley itself, would be "dead, kaput, over."
A little over two years ago, in March 2003, I wrote the very first Face Time -- a column that asked if Silicon Valley was turning into the new Detroit. In support of this suggestion, I cited a bunch of Valley venture capitalists spouting unusually dire assessments of the entrepreneurial condition. The collapse of the bubble, these VCs said, was more than a cyclical slump. It marked the start of a prolonged period in which innovation would be marginal and plodding -- and venture capital, like the Valley itself, would be "dead, kaput, over."
