Michael Wolff is an idiot
"If you're on MySpace now, you're a (bleep) cretin. And you're not only a (bleep) cretin, but you're poor," Wolff says in BusinessWeek
, adding: "Nobody who has beyond an eighth grade level of education is on MySpace. It is for backwards people."
What an asshole.
Now, I'm not a huge fan of MySpace, but it is massive and makes money. 75 million users and $750 million in revenue makes MySpace a ton more successful than any of the failed start-ups and ventures that Wolff has ever been involved with. It is also still one of the best/easiest places to find music on the web, even if the look-and-feel is ... je ne sais quoi ... un peu merdeux, shall we say?
Iíve met Michael Wolff, and for a failed entrepreneur heís incredibly pompous. When he wrote Burn Rate, he did the same over-the-top shit to get publicity for his book.
Wolff in 1998:
"I think the myth of the Internet is that it is going to come into everybodyís home."
"That's back to that television model which I find is the model that is responsible for this gold rush. And I think that soon enough we're in the process of finding out that this bears no relationship to television. In fact, it bears more relationship to what?
To the telephone."
Classic. Still makes me laugh ...
Need to forward to the 30-minute mark ... Love the fact that this is all pre-Google. Kara Swisher
, who is also in the video, pointed this out on her blog, "His caustically funny book "Burn Rate" on his naughty early Internet adventures, wherein he was the only person not to get rich in Web 1.0, had just come out."
No wonder his businesses failed.