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WSJ.Com How Internet Time's Fifteen Minutes Of Fame Ran Out

"Internet Time, along with cousins like Web Time and Warp Speed, became handy phrases to throw into book titles and PowerPoint presentations as proof of savvy topicality. Into newspaper articles, too; The Wall Street Journal mentioned the idea four times in 1996 but 43 times in 2000.

This morning, though, will mark only the second time the phrase has been used in these pages all year. Internet Time's time was short indeed."

redux [06.01.01]
MIT Technology Review The Myth of "Internet Time"
"However, being first-or even one of the first-doesn't necessarily confer an overwhelming advantage. Just consider the early personal computer pioneers, such as Atari. Where are they now? Even the recent history of the Internet abounds in counterexamples to the thesis of first-mover advantage. Look at the market for Internet search engines. Five years ago, AltaVista achieved a technical breakthrough that propelled it to dominant status on the world's desktops. Today, AltaVista is a distant also-ran."

The main reason the first-mover advantage is much less potent than is commonly claimed is that Internet time, the dominant theme of the dot-com bubble, is false. Yes, product development cycles have become noticeably shorter. This is true not just in software, but also in such old-economy products as cars. But consumers do not operate on Internet time. Novel technologies do not diffuse notably more rapidly than they did in the days before dot coms strode the earth."

redux [10.25.01]
MarketingProfs.Com Will and Vision: How Latecomers Grow to Dominate Markets
"Everybody thinks that it's the market pioneers who have the best name recognition, the highest market share, and the most enduring market leadership....Right?"

"Our discoveries may surprise the business community. After exposing the limitations of prior studies that extolled the success of pioneers, we find that pioneers mostly fail, have low market share, and are rarely enduring market leaders. In addition, we found that the current trend of staking everything on getting there first all-too-often leads companies to embrace a disastrous strategy of rushing to market with incomplete, inferior, and flawed products."

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[ rhetoric ]

“"You're not a designer, you're not a writer, and you're not an editor!"

Well, no, blogger, you're not. And therein lies your gift. Because even if it's true the vast majority of blogs would not be missed by more than a handful of people were the earth to open up and swallow them, and even if the best are still no substitute for the sustained attention of literary or journalistic works, it's also true that sustained attention is not what Web logs are about anyway. At their most interesting they embody something that exceeds attention, and transforms it: They are constructed from and pay implicit tribute to a peculiarly contemporary sort of wonder.

...[T]he Web log reflects our own attempts to assimilate the glut of immaterial data loosed upon us by the "discovery" of the networked world. And there are surely lessons for us in the parallel. For just as the cabinet of wonders took centuries to evolve into the more orderly, logically crystalline museum, so it may be a while before the chaos of the Web submits to any very tidy scheme of organization.”

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