PE Hub posted an interesting 1994 clip from NBC News focused on something called “The Internet”.
It’s amazing to see Bill Gates, Eric Schmidt and others discuss the burgeoning network and discuss how they thought it would evolve over time. In fact, watching the clip reminds me of the well-regarded notion that people often overestimate what is going to happen in the next two years and underestimate what is going to happen in the next ten years. This concept is evident in the clip and we, as venture capitalists contend with it frequently when partnering with entrepreneurs in helping to build their companies.