The Benefits of Hindsight

Like the original iPod thread at macrumors, I love reading last year's announcement of  YouTube getting funded. Post GooTube deal, Sequoia's $11.5 million invested netted them $495 million in return. With that in mind, these quotes from the post and linked blogs are great:

"The Web 2.0 funding frenzy is in full effect."

"People on the street in Montana aren’t talking about [YouTube]… It will be some years out before general people become users."

"...emerging land of absurdity where a live prototype that can be replicated in 90 days, that has no business model or revenue is considered a business."