1994 – “Consumers are fickle and unpredictable. Consumer products and services are hit driven, it’s really hard to build a scalable consumer company”
(Internet)
1996 – “It’s impossible to get to build a billion dollar company selling widgets at $15 and taking $1 commission one at a time”
(eBay)
1998 – “There is no room for personal productivity software startups – Microsoft will eat your lunch when you get big enough and Symantec will take the crumbs”
(Evernote, Dropbox)
1999 – “The search engine game is over”
(Google)
2002 – “the social network fad is over”
(Myspace, Facebook)
2002 – “Information Technology is not a competitive advantage”
(Everything)
2002 – “Consumer electronics is a low margin and highly competitive industry”
(Apple)
2003 – “The browser war is over, Microsoft has won”
(Firefox)
2005 – “Sales cycle is too long for software companies selling to government and educational sector”
(Palantir)
2008 – “RIP, Good Times”
(2009)
2011 – “There is no network effect in the enterprise software business; it’s not a category we invest in anymore”
(Success Factor, Workday)
2013 – “Media and content is a hit driven business – we simply don’t invest in it”
(?????)
