The NY Times reports:
Ms. Estrin traces Silicon Valley’s troubles to the tech boom. She said that’s when entrepreneurs and venture capitalists started focusing more on starting companies to turn around and sell them and less on building successful companies for the long term.
“Starting in 1998, there was such a shift in Silicon Valley toward chasing money and short-term returns,” she said.
SPECIAL COVERAGE
I live-blogged the spontaneous Obama victory celebration in Washington DC.
Experience what it felt like to be among thousands of deliriously happy people gathered outside the White House. Click here.
Previously, I had been blogging about the Obama, McCain and the US election. I wrote about Sarah Palin on this blog even before McCain chose her to be his running mate. The choice was disappointing, and a possibility I had anticipated.
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