While it’s a little out of context because Joe Kraus – founder of Excite and Jotspot (a wiki service recently sold to Google) – was answering the question, “What important lessons did you learn at Excite that you carried over to Jotspot?”, I think it’s also a good indication of how much different this boom is than the first internet bubble:
“Get the legs of the business underneath it before you run terribly fast. We were always playing catch-up at Excite and I never liked the feeling.”
He also said:
“The hardest part in a start-up is you wake up one morning and you feel great about the day, and you think, “We’re kicking ass.” And then you wake up the next morning , and you think, “We’re dead.” And literally nothing has changed.
If you’ve ever been there you know that’s funny because it’s true.