December 3, 1999 11:19 AM

See Spot Run

The dot-com TV frenzy isn't a sign of things to come; it's a mere transitory spasm of folly -- albeit a spectacular one. To understand how this vast failure of imagination came to pass, we need to look at the nature of today's overheated venture capital market -- and the pathologically impatient mind-set it has promoted among the Internet start-up companies it spawns.

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