Google: Beware the eBay Curse - BusinessWeek

There's a reason why cocky Silicon Valley startups fancy themselves the "The Next Google." The search giant embodies Silicon Valley at its best: product developed by nerds in a Stanford dorm room; humbled venture capitalists who turned down the chance to invest, declaring Web search "done;" now-defunct companies such as Excite that refused to buy Google (GOOG) for peanuts when they had the chance; and of course, a storied initial public offering, stellar balance sheet, market dominance, and entrenched, multiyear position as the tech stock darling. In a downturn that's ravaged every industry and most companies, Google is holding up quite well.

Google: Beware the eBay Curse - BusinessWeek

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