For what its worth, in 07 I had Andy Rachleff as an instructor and we did a case study on Webvan, and Andy's conclusion was that if he had to do it over he'd still invest in Webvan because the business was sound, it was just a bit too early.
There's certainly at least as many opinions about business as there are people working in the private sector, and most are probably wrong, but the fundamental workings of business aren't entirely a random number generator. You can use tools of business to determine the viability of a particular approach, at which point you're left with figuring out the timing and execution of that idea.
There's certainly at least as many opinions about business as there are people working in the private sector, and most are probably wrong, but the fundamental workings of business aren't entirely a random number generator. You can use tools of business to determine the viability of a particular approach, at which point you're left with figuring out the timing and execution of that idea.
Still, not as solid by any means as science.