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Re: Friday, January 30, 2004
Alsop had the below quote in a 12/2002 "Fortune" column called "The West Will Rise Again": "One of my editors asked me why Silicon Valley wasn't producing major startups anymore—companies like Hewlett-Packard, Intel Corp., and Apple Computer. Sometimes I wonder what those numbnuts at the home office do while they work. Maybe it's the New York City arrogance thing, which gives people there the idea that nothing important happens anywhere else. As soon as I heard the question, I thought of three companies: Yahoo, BEA Systems, and eBay. Each was founded in Silicon Valley in 1995 and has annual revenues of around $1 billion, generated by about 3,000 employees. Their market capitalizations are $9.8 billion, $4 billion, and $21.1 billion, respectively. Seems to me those numbers qualify them as major startups. …" ... kind of timely again as people natter about Dean's woes re-bursting the Internet bubble.
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