COMMENT In Beijing last week, a locally-based internet entrepreneur was making his pitch to a visiting US venture capitalist when he reached the ever-awkward bit about how he would turn his wonderful idea into actual sales.
“Don’t worry about revenues – focus on your traffic,” the venture capitalist told him, in a comment redolent of the heady days of 1990s internet bubble, when banal business realities took a back seat to flights of online fancy.
