Lane: It's worse than that. By talking too early, they produce weak competitors. The worst thing you can have is weak competitors. A strong competitor is actually good for you in an early market, because it helps build the market. A weak competitor, it turns off a client. The client says, ""I don't get it,'' because they're not able to put it across. It's not good for that original idea.

....

Doerr: A year ago I said there was too much venture capital, an overhang from the Boom that will take some time to work off. So there's plenty of technology, market opportunity, and venture capital, but too few great entrepreneurs and teams. I'm not sure we can connect too much venture capital with entrepreneurs preferring to be stealth.

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Lane: We believe we're now in the era of the Internet. Whether you think there are two or three phases, I think we're kind of in the third phase, and this is the phase where money will be made."