Eve Andersson on the downfall of Arsdigita.
The technical and managerial incompetence of the VCs and those they hired drove the company into the ground. All but 10 of the 240 employees were fired, laid off, or quit. All of the $40+ million in venture capital was squandered. The monthly operating profit turned to loss as more talentless executives were hired who threw out the company’s old, useful products and put their blind faith in engineers who spent millions building complicated software that solved no business problems.
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Britney Spears to speak at MIT.
“I would like to restrict my talk only to literary issues in the art and history of music,” Britney told reporters. She added, “I would like to introduce people to the Three-B model of western music history. The Three-B model states that the three greatest musical composers of all time are: Bach, Beethoven, and Britney. Other composers are just details but I would give them a few footnotes in musical history.”