Any of our portfolio companies that are not looking at the Internet are playing Russian roulette with all chambers loaded.
Predictor: Breyer, James
Prediction, in context:In a 1995 article for The Austin American-Statesman, Laurie Flynn writes about investments in Internet companies, quoting James Breyer. Flynn writes: ”By all accounts, the number of content developers and software companies vying for capital is skyrocketing. Accel Partners of San Francisco, one of the most active Internet investors with $20 million placed, receives as many as 100 new business plans a week, up from roughly 10 a week a year ago, according to James Breyer, a general partner. Also an early investor in UUNet, the company is now looking at software and has invested in two start-ups in the education market and a company called Illustra, with software for multimedia Internet developers. ‘The last new platform we saw that provided more entrepreneurial opportunity was the PC in the 1980s,’ Breyer said. ‘Any of our portfolio companies that are not looking at the Internet are playing Russian roulette with all chambers loaded.'”
Date of prediction: July 1, 1995
Topic of prediction: Economic structures
Subtopic: General
Name of publication: Austin American-Statesman
Title, headline, chapter name: Serious Money Heading to Internet Companies
Quote Type: Direct quote
Page number or URL of document at time of study:
http://web.lexis-nexis.com/universe/document?_m=cd5c05b177a6a4c09351b4c920962992&_docnum=11&wchp=dGLbVtb-lSlAl&_md5=09c4a05b949fc0d8a1a3c9d4f61eb442
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney