Interesting E-mail between National Real Estate Market Financiers/Investors (Gloomy)

[patb]

my take was the Biggest lie in the 90’s Internet
bubble was that Older people couldn’t possibly
understand the Internet.

I was an old Internet engineer from the 80’s
and was on the Working groups for 5 years.

I called BullS%^T in 98, and I’m Calling BS on
Web 2.0

I like the tools, but, unless they generate money,
what’s the point?

[Allan from Fallbrook]

[quote=patb]my take was the Biggest lie in the 90’s Internet
bubble was that Older people couldn’t possibly
understand the Internet.

I was an old Internet engineer from the 80’s
and was on the Working groups for 5 years.

I called BullS%^T in 98, and I’m Calling BS on
Web 2.0

I like the tools, but, unless they generate money,
what’s the point?[/quote]

Pat: My old man was a defense aerospace engineer in Palo Alto from the late 1950s through the late 1980s and I remember his having a DARPANet/ARPANet account for work with Lawrence Livermore/Lawrence Berkeley and Stanford. Those were the days when the innovations coming out of PARC, Stanford, JPL were truly driving great fortunes (think Intel, SUN, Western Digital, etc).

Web 1.0 (which devolved into nothing more than a pump-and-dump stock scam due to an immature technical and technological model) and Web 2.0 (which is nothing more than flash-and-trash hype of oversold companies like Facebook, Twitter, etc) are mere shadows compared to the real tech drivers of the 1960s, 1970s and 1980s.

Look how quiet Sand Hill Road is right now, in terms of investments, and all the hoopla surrounding the next “New New Thing” (greentech). Its all BS built around the original innovations and creations, all of which are long gone. While our 20-somethings are dicking around with social networking, engineers in India and China are preparing to hand us our asses.

[Allan from Fallbrook]

[quote=patb]my take was the Biggest lie in the 90’s Internet
bubble was that Older people couldn’t possibly
understand the Internet.

I was an old Internet engineer from the 80’s
and was on the Working groups for 5 years.

I called BullS%^T in 98, and I’m Calling BS on
Web 2.0

I like the tools, but, unless they generate money,
what’s the point?[/quote]

Pat: My old man was a defense aerospace engineer in Palo Alto from the late 1950s through the late 1980s and I remember his having a DARPANet/ARPANet account for work with Lawrence Livermore/Lawrence Berkeley and Stanford. Those were the days when the innovations coming out of PARC, Stanford, JPL were truly driving great fortunes (think Intel, SUN, Western Digital, etc).

Web 1.0 (which devolved into nothing more than a pump-and-dump stock scam due to an immature technical and technological model) and Web 2.0 (which is nothing more than flash-and-trash hype of oversold companies like Facebook, Twitter, etc) are mere shadows compared to the real tech drivers of the 1960s, 1970s and 1980s.

Look how quiet Sand Hill Road is right now, in terms of investments, and all the hoopla surrounding the next “New New Thing” (greentech). Its all BS built around the original innovations and creations, all of which are long gone. While our 20-somethings are dicking around with social networking, engineers in India and China are preparing to hand us our asses.

[Allan from Fallbrook]

[quote=patb]my take was the Biggest lie in the 90’s Internet
bubble was that Older people couldn’t possibly
understand the Internet.

I was an old Internet engineer from the 80’s
and was on the Working groups for 5 years.

I called BullS%^T in 98, and I’m Calling BS on
Web 2.0

I like the tools, but, unless they generate money,
what’s the point?[/quote]

Pat: My old man was a defense aerospace engineer in Palo Alto from the late 1950s through the late 1980s and I remember his having a DARPANet/ARPANet account for work with Lawrence Livermore/Lawrence Berkeley and Stanford. Those were the days when the innovations coming out of PARC, Stanford, JPL were truly driving great fortunes (think Intel, SUN, Western Digital, etc).

Web 1.0 (which devolved into nothing more than a pump-and-dump stock scam due to an immature technical and technological model) and Web 2.0 (which is nothing more than flash-and-trash hype of oversold companies like Facebook, Twitter, etc) are mere shadows compared to the real tech drivers of the 1960s, 1970s and 1980s.

Look how quiet Sand Hill Road is right now, in terms of investments, and all the hoopla surrounding the next “New New Thing” (greentech). Its all BS built around the original innovations and creations, all of which are long gone. While our 20-somethings are dicking around with social networking, engineers in India and China are preparing to hand us our asses.

[Allan from Fallbrook]

[quote=patb]my take was the Biggest lie in the 90’s Internet
bubble was that Older people couldn’t possibly
understand the Internet.

I was an old Internet engineer from the 80’s
and was on the Working groups for 5 years.

I called BullS%^T in 98, and I’m Calling BS on
Web 2.0

I like the tools, but, unless they generate money,
what’s the point?[/quote]

Pat: My old man was a defense aerospace engineer in Palo Alto from the late 1950s through the late 1980s and I remember his having a DARPANet/ARPANet account for work with Lawrence Livermore/Lawrence Berkeley and Stanford. Those were the days when the innovations coming out of PARC, Stanford, JPL were truly driving great fortunes (think Intel, SUN, Western Digital, etc).

Web 1.0 (which devolved into nothing more than a pump-and-dump stock scam due to an immature technical and technological model) and Web 2.0 (which is nothing more than flash-and-trash hype of oversold companies like Facebook, Twitter, etc) are mere shadows compared to the real tech drivers of the 1960s, 1970s and 1980s.

Look how quiet Sand Hill Road is right now, in terms of investments, and all the hoopla surrounding the next “New New Thing” (greentech). Its all BS built around the original innovations and creations, all of which are long gone. While our 20-somethings are dicking around with social networking, engineers in India and China are preparing to hand us our asses.

[Allan from Fallbrook]

[quote=patb]my take was the Biggest lie in the 90’s Internet
bubble was that Older people couldn’t possibly
understand the Internet.

I was an old Internet engineer from the 80’s
and was on the Working groups for 5 years.

I called BullS%^T in 98, and I’m Calling BS on
Web 2.0

I like the tools, but, unless they generate money,
what’s the point?[/quote]

Pat: My old man was a defense aerospace engineer in Palo Alto from the late 1950s through the late 1980s and I remember his having a DARPANet/ARPANet account for work with Lawrence Livermore/Lawrence Berkeley and Stanford. Those were the days when the innovations coming out of PARC, Stanford, JPL were truly driving great fortunes (think Intel, SUN, Western Digital, etc).

Web 1.0 (which devolved into nothing more than a pump-and-dump stock scam due to an immature technical and technological model) and Web 2.0 (which is nothing more than flash-and-trash hype of oversold companies like Facebook, Twitter, etc) are mere shadows compared to the real tech drivers of the 1960s, 1970s and 1980s.

Look how quiet Sand Hill Road is right now, in terms of investments, and all the hoopla surrounding the next “New New Thing” (greentech). Its all BS built around the original innovations and creations, all of which are long gone. While our 20-somethings are dicking around with social networking, engineers in India and China are preparing to hand us our asses.

[patb]

Hey

I concur, while Wall Street and the Libertarians
were pouring trillions into CDS and RMBS and
Derivatives, the indians and Chinese have been
sharpening knives to control key resources and lock in interesting patents.

There is a reason Toyota is 5 years ahead of GM on Hybrids, and Greentech?

The AM Radio crowd are actually selling ideas like Green Tech won’t work because they really really
can’t handle the idea they’ve just been wrong for 28 years.

Seriously, I spoke with a guy who has PhD in Engineering, who claimed you can’t generate enough
power with PV to power a house. When i presented him numbers he wouldn’t agree.

[patb]

Hey

I concur, while Wall Street and the Libertarians
were pouring trillions into CDS and RMBS and
Derivatives, the indians and Chinese have been
sharpening knives to control key resources and lock in interesting patents.

There is a reason Toyota is 5 years ahead of GM on Hybrids, and Greentech?

The AM Radio crowd are actually selling ideas like Green Tech won’t work because they really really
can’t handle the idea they’ve just been wrong for 28 years.

Seriously, I spoke with a guy who has PhD in Engineering, who claimed you can’t generate enough
power with PV to power a house. When i presented him numbers he wouldn’t agree.

[patb]

Hey

I concur, while Wall Street and the Libertarians
were pouring trillions into CDS and RMBS and
Derivatives, the indians and Chinese have been
sharpening knives to control key resources and lock in interesting patents.

There is a reason Toyota is 5 years ahead of GM on Hybrids, and Greentech?

The AM Radio crowd are actually selling ideas like Green Tech won’t work because they really really
can’t handle the idea they’ve just been wrong for 28 years.

Seriously, I spoke with a guy who has PhD in Engineering, who claimed you can’t generate enough
power with PV to power a house. When i presented him numbers he wouldn’t agree.

[patb]

Hey

I concur, while Wall Street and the Libertarians
were pouring trillions into CDS and RMBS and
Derivatives, the indians and Chinese have been
sharpening knives to control key resources and lock in interesting patents.

There is a reason Toyota is 5 years ahead of GM on Hybrids, and Greentech?

The AM Radio crowd are actually selling ideas like Green Tech won’t work because they really really
can’t handle the idea they’ve just been wrong for 28 years.

Seriously, I spoke with a guy who has PhD in Engineering, who claimed you can’t generate enough
power with PV to power a house. When i presented him numbers he wouldn’t agree.

[patb]

Hey

I concur, while Wall Street and the Libertarians
were pouring trillions into CDS and RMBS and
Derivatives, the indians and Chinese have been
sharpening knives to control key resources and lock in interesting patents.

There is a reason Toyota is 5 years ahead of GM on Hybrids, and Greentech?

The AM Radio crowd are actually selling ideas like Green Tech won’t work because they really really
can’t handle the idea they’ve just been wrong for 28 years.

Seriously, I spoke with a guy who has PhD in Engineering, who claimed you can’t generate enough
power with PV to power a house. When i presented him numbers he wouldn’t agree.

[jficquette]

[quote=Allan from Fallbrook][quote=jficquette][quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John[/quote]

I’m with Pat on this one. If I see one more of my twenty-something engineers stopping on a project to respond to a tweet or an IM, I AM going to shoot them.

As far as what I do (specialized engineering), none of those technologies/applications represents any sort of “fundamental changes”. They don’t carry data of any significant size, they don’t contribute to my bottom line in terms of productivity and they’re mainly time wasters.

I could give a rat’s ass for following around after Chad Ochocinco or Ashton Kutcher via Twitter.[/quote]

Right now it is in its toy stage. About where the Internet was in the early 90’s when AOL was king or even when Prodigy around. Its the ability of groups of people to be tied together instantly that will drive the changes. No one knows where its going but it will keep morphing into more and more significant expressions.

John

[jficquette]

[quote=Allan from Fallbrook][quote=jficquette][quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John[/quote]

I’m with Pat on this one. If I see one more of my twenty-something engineers stopping on a project to respond to a tweet or an IM, I AM going to shoot them.

As far as what I do (specialized engineering), none of those technologies/applications represents any sort of “fundamental changes”. They don’t carry data of any significant size, they don’t contribute to my bottom line in terms of productivity and they’re mainly time wasters.

I could give a rat’s ass for following around after Chad Ochocinco or Ashton Kutcher via Twitter.[/quote]

Right now it is in its toy stage. About where the Internet was in the early 90’s when AOL was king or even when Prodigy around. Its the ability of groups of people to be tied together instantly that will drive the changes. No one knows where its going but it will keep morphing into more and more significant expressions.

John

[jficquette]

[quote=Allan from Fallbrook][quote=jficquette][quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John[/quote]

I’m with Pat on this one. If I see one more of my twenty-something engineers stopping on a project to respond to a tweet or an IM, I AM going to shoot them.

As far as what I do (specialized engineering), none of those technologies/applications represents any sort of “fundamental changes”. They don’t carry data of any significant size, they don’t contribute to my bottom line in terms of productivity and they’re mainly time wasters.

I could give a rat’s ass for following around after Chad Ochocinco or Ashton Kutcher via Twitter.[/quote]

Right now it is in its toy stage. About where the Internet was in the early 90’s when AOL was king or even when Prodigy around. Its the ability of groups of people to be tied together instantly that will drive the changes. No one knows where its going but it will keep morphing into more and more significant expressions.

John

[jficquette]

[quote=Allan from Fallbrook][quote=jficquette][quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John[/quote]

I’m with Pat on this one. If I see one more of my twenty-something engineers stopping on a project to respond to a tweet or an IM, I AM going to shoot them.

As far as what I do (specialized engineering), none of those technologies/applications represents any sort of “fundamental changes”. They don’t carry data of any significant size, they don’t contribute to my bottom line in terms of productivity and they’re mainly time wasters.

I could give a rat’s ass for following around after Chad Ochocinco or Ashton Kutcher via Twitter.[/quote]

Right now it is in its toy stage. About where the Internet was in the early 90’s when AOL was king or even when Prodigy around. Its the ability of groups of people to be tied together instantly that will drive the changes. No one knows where its going but it will keep morphing into more and more significant expressions.

John

[Author]

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