Look for the exit when executives start dabbling with pro sports franchises. Guys, you took your eye off the ball. I've heard that before, back in the 1980s when the Japanese supposedly were taking over the world. Their companies, too, sacrificed profit for market share. Look what happened to them.
Most venture capitalists are overpaid.
At least the old-timers knew what they were doing. By contrast, the Whiz Kids with their Wharton MBAs display a remarkable predilection for mindless, ovine behavior. With sublime arrogance, they rushed lemming-like into the telecommunications and Internet infrastructure sector. They swamped what could have been a viable industry with overcapacity, guaranteeing red ink for years to come. We could be looking in the wrong places.