"Doing things in a garage is more than just a quaint image. It means "doing things without _any_ burn rate." It means having a day job."

Timothy C. May is often at his best when talking about business. Here he discusses the back to earth realities of technological innovation post-bubble. This is not 20/20 hindsight. This guy was writing furious rants about the hot sports cars and crazy salaries back in 1997.

I'm reminded of a quote I heard at a Cypherpunks meeting: "If I would be a young man again and had to decide how to make my living, I would not try to become a scientist or scholar or teacher. I would rather choose to be a plumber or a peddler in the hope of finding that most modest degree of independence still available under present circumstances." - Albert Einstein

Startups, Bubbles, and Unemployment