Geocities RIP
On the eve of Geocities’ demise, Fred Wilson has posted a fun piece on his view of the company ten years ago when it was getting started. He writes,
… most of all I learned that you can make 100 times your investment every once in a while. And when you do, it’s something special.
But there’s something profoundly odd here. It’s been years since Geocities was a viable or valuable company, maybe it never was. For me, the lesson is that the system was (and perhaps still is, to a lesser degree) broken. The assembly line of entrepreneur to venture capitalist to big juicy exit made a lot of people rich without producing a viable business.
