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He may very well have thought that given what he had already accomplished, the highest and best use of his remaining years was to spend that money helping humanity. it was just a few months back, if your company ended in dot-com it was a good thing. but at the end of this brutal week on wall street, a lot of analysts think the internet bubble is ready to burst and by this time next year, a huge number of those dot-coms might be dot gone. a year ago, investors were so eager to buy into the internet they were happily ignoring traditional measures of success. sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say you know, if we all believe this fantasy it works. if some of us stop believing, ....
But nowadays just about anyone with a computer and a modem can join in. the internet was a really dorky, hard to use and extremely nerdy thing. none of your friends would have been on this. just fellow people in tech. the internet really was not a huge factor in the early 90s. but netscape changed things. they re calling him the next bill gates. 24-year-old marc andreessen. 15 months ago, andreesen, fresh out of the university of illinois, helped start a company called netscape. at 11:00 a.m. this morning, the company s stock went public and wall street went bonkers. so what does netscape produce that now makes the company worth $2.9 billion? this. the netscape navigator, software which makes it easy for people to connect to the global computer network called the internet. microsoft has a long history of feeling threatened by hot new upstarts. you could easily argue that bill gates game plan was world ....
Who and who can move the ball down the court. people in silicon valley are product minded. in d.c. it s about who you know and who s in your personal network in that place yourself against upstarts like the ceo you have on right now. you basically described the swamp right there. steve: this is trillions of dollars over viewers money going into these contracts. one last word to, what do you make about how this is happening? you ve got some attention for this. have you gotten a response? were optimistic that were going to win. were building a product that makes lives better for low income americans about the country. were trying to build support behind the costs. for people who can take action and help us. ....
Should approve a large contract but that s not so. you often don t know who in the agency has a proof the spending. let alone you don t know the full requirements because it s an insider game about who knows who and who can move the ball down the court. people in silicon valley are product minded. in d.c. it s about who you know and who s in your personal network in that place yourself against upstarts like the ceo you have on right now. you basically described the swamp right there. steve: this is trillions of dollars over viewers money going into these contracts. one last word to, what do you make about how this is happening? you ve got some attention for this. have you gotten a response? ....
You know, creative upstarts. so i think there is definitely a question here. and the interesting thing about amazon is there could be questions about antitrust evenan though they ve lowered consumer prices n. recent history what is month on the part of lisk, mainly does that harm consumer prices. what are the other issues, other ways that consumers can be harmed, and even social issues are at play. we can look back to history, 1911, standard oil. that company was broken up and they had actually reduced the price of oil. so there is a precedent here that amazon should read the history books that you could probably buy for pennies on amazon.com. it certainly is fascinating to watch this all play out. nbc s ben popken, thank you so much and thanks for your great reporting. we want to head back out to ohio. ....