Get The New New Thing: A Silicon Valley Story PDF

By Michael Lewis

Long island instances Bestseller. “A wonderful e-book. . . . [Lewis] makes Silicon Valley as exciting and intelligible as he made Wall highway in his best-selling Liar’s Poker.”—Time

In the bizarre glow of the loss of life millennium, Michael Lewis set out on a safari via Silicon Valley to discover the world’s most crucial know-how entrepreneur. He came across this in Jim Clark, a guy whose achievements comprise the founding of 3 separate billion-dollar businesses. Lewis additionally came upon even more, and the result—the best-selling booklet the recent New Thing—is an ingeniously conceived historical past of the web revolution.

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Additional info for The New New Thing: A Silicon Valley Story

Sample text

1 indicates that surviving firms were, on average, longer lived than nonsurvivors (see Inbus measure). Though these differences are not marked, they confirm a long-established empirical regularity that fitness to survive depends on having survived (Brock and Evans, 1986). The time over which a firm survives is known to provide the entrepreneur with valuable marketplace experience, which enhances his capabilities, and also permits ‘learning by doing’ within the firm, which helps to reduce unit costs over time.

The market share for the main product group was stable at about onequarter. Overall, competition in the firm’s main market was perceived to be ‘strong to moderate’. It was thought that competition was strongest on price, followed by quality, and then salesmanship. Entrepreneurs thought that quality had become more important as a competitive issue. The great bulk of entrepreneurs expected growth in their businesses over the next few years. 2 Finance The average level of gross profit for a firm in the sample had risen sharply from about £67,000 to about £104,000.

Roughly, about one-third of all firms nominated the former, and two-thirds the latter.

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