They said it.

“More venture money was invested during the past year than in the three previous years combined. Some call this VUI (venture under the influence) or Drunken Buddy Syndrome, a.k.a. ‘due diligence is for wimps.’ ” Carrie Stone, Venture Partner, Enterprise Partners Venture Capital

“Everything on the Internet is a commodity.…What kind of a business model works on the Internet? All-you-can-eat buffets.”
Michael Robertson, Chairman, MP3.com

“If we asked consumers, they might beg us to keep the computer engineers as far away from their cameras as possible. ...Once the computer people take over the photo industry, we’ll have cameras that take five minutes to boot up, that sporadically erase or lose pictures for no apparent reason, and that bombard you with annoying banner ads every time you look through the viewfinder.”
Dan Carp, President and CEO, Eastman Kodak

“A recent AOL survey found that 52 percent of people online are already rearranging their furniture to accommodate their PC. And while that’s an interesting statistic, our favorite statistic was how many people are now skipping breakfast to go online. That may not be good news for Kellogg’s, but it’s great news for Internet companies.”
Steve Case, Chairman and CEO, America Online