In the end, it's still about earnings. Still, there are particular issues unique to the Internet. There are unique challenges that need to be worked out. Of course, with any new market or with anything that brings about such enormous changes so quickly, that's to be expected. You ask Davis to share some of the best business principles he knows, and he doesn't hesitate-he rattles off a list with practiced certainty.
People matter most.
Profit is not a four-letter word. You repeat after him, Profit is not . . . There was a period of time in Web development when your value was determined in a perverse way by how much you could lose, not how much you could make. We were saying things people didn't want to hear. Maybe that's why we've done so well.