Tuesday, October 10, 2000

CMGI was a once high flying "internet incubator" that is now in some financial difficulty. This article does a good job of exploring the idiocy at the heart of the whole incubator "business model": i.e. find people smart enough to start a great business but dumb enough to sell it to you for a pittance. Thankfully, those days seem to be over. For those who don't know, an "incubator" is a company that helps start other companies, usually in return for a mix of stock and cash.


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