venture : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

Proverbs, aphorisms, quotations (English)	by Linux fortune

I have sacrificed time, health, and fortune, in the desire to complete these Calculating Engines. I have also declined several offers of great personal advantage to myself. But, notwithstanding the sacrifice of these advantages for the purpose of maturing an engine of almost intellectual power, and after expending from my own private fortune a larger sum than the government of England has spent on that machine, the execution of which it only commenced, I have received neither an acknowledgement of my labors, not even the offer of those honors or rewards which are allowed to fall within the reach of men who devote themselves to purely scientific investigations... If the work upon which I have bestowed so much time and thought were a mere triumph over mechanical difficulties, or simply curious, or if the execution of such engines were of doubtful practicability or utility, some justification might be found for the course which has been taken; but I venture to assert that no mathematician who has a reputation to lose will ever publicly express an opinion that such a machine would be useless if made, and that no man distinguished as a civil engineer will venture to declare the construction of such machinery impracticable... And at a period when the progress of physical science is obstructed by that exhausting intellectual and manual labor, indispensable for its advancement, which it is the object of the Analytical Engine to relieve, I think the application of machinery in aid of the most complicated and abtruse calculations can no longer be deemed unworthy of the attention of the country. In fact, there is no reason why mental as well as bodily labor should not be economized by the aid of machinery. -- Charles Babbage, "The Life of a Philosopher"
I have sacrificed time, health, and fortune, in the desire to complete these Calculating Engines. I have also declined several offers of great personal advantage to myself. But, notwithstanding the sacrifice of these advantages for the purpose of maturing an engine of almost intellectual power, and after expending from my own private fortune a larger sum than the government of England has spent on that machine, the execution of which it only commenced, I have received neither an acknowledgement of my labors, not even the offer of those honors or rewards which are allowed to fall within the reach of men who devote themselves to purely scientific investigations... If the work upon which I have bestowed so much time and thought were a mere triumph over mechanical difficulties, or simply curious, or if the execution of such engines were of doubtful practicability or utility, some justification might be found for the course which has been taken; but I venture to assert that no mathematician who has a reputation to lose will ever publicly express an opinion that such a machine would be useless if made, and that no man distinguished as a civil engineer will venture to declare the construction of such machinery impracticable... And at a period when the progress of physical science is obstructed by that exhausting intellectual and manual labor, indispensable for its advancement, which it is the object of the Analytical Engine to relieve, I think the application of machinery in aid of the most complicated and abtruse calculations can no longer be deemed unworthy of the attention of the country. In fact, there is no reason why mental as well as bodily labor should not be economized by the aid of machinery. - Charles Babbage, Passage from the Life of a Philosopher
New Linux Companies Hope To Get Rich Quick (#2) Don't throw out that old Red Hat Linux 3.0 CD. A group of entrepreneurs are hording vintage Linux items in the hopes that they will become hot collector's items in the coming decades. The venture, called "Money Grows On Binary Trees", hopes to amass a warehouse full of old Linux distributions, books, stuffed penguins, promotional material, and Linus Torvalds autographs. "Nobody thought pieces of cardstock featuring baseball players would be worth anything..." the founder of Binary Trees said. "That 'Linux For Dummies' book sitting in your trash could be the next Babe Ruth card." The company organized a Linux Collectibles Convention last week in Silicon Valley, drawing in a respectable crowd of 1,500 people and 20 exhibitors. The big attraction was a "Windows For Dummies" book actually signed by Linus Torvalds. "He signed it back at a small Linux conference in '95," the owner explained. "He didn't realize it was a Dummies book because I had placed an O'Reilly cover on it... Somebody at the convention offered me $10,000 for it, but that seemed awfully low. I hope to sell it on eBay next month with a reserve price containing a significant number of zeros."
New Linux Companies Hope To Get Rich Quick (#4) The buzz surrounding Linux and Open Source during 1999 has produced a large number of billionnaires. However, people who weren't employed by Red Hat or VA Linux, or who didn't receive The Letter, are still poor. The visionaries at The IPO Factory want to change all that. As the name suggests, this company helps other businesses get off the ground, secure investments from Venture Capitalists, and eventually hold an IPO that exits the stratosphere. "You can think of us as meta-VCs," the IPO Factory's founder said. "You provide the idea... and we do the rest. If your company doesn't hold a successful IPO, you get your money back, guaranteed!" He added quickly, "Of course, if you do undergo a billion dollar IPO, we get to keep 25% of your stock." The company's first customer, LinuxOne, has been a failure. "From now on we're only going to service clients that actually have a viable product," an IPO Factory salesperson admitted. "Oh, and we've learned our lesson: it's not a good idea to cut-and-paste large sections from Red Hat's S-1 filing."
Brief History Of Linux (#6) California Goldrush Now we skip ahead to California in 1849, when the discovery of gold at Sutter's Mill set the stage for countless prospectors (Fortyniners) to travel West in the hopes to get-rich-quick by finding gold in them thar hills. What's the connection with Linux, you ask? Well, the same thing happened exactly 150 years later, in 1999. The discovery of Venture Capital at Red Hat set the stage for countless investors (Ninetyniners) to travel West in the hopes to get-rich-quick by finding hot IPOs in them thar Linux companies.
Brief History Of Linux (#20) Linux is born Linus' superhuman programming talent produced, within a year, a full operating system that rivaled Minix. The first official announcement on comp.os.minix came October 5th, in which Linus wrote these famous words: Do you pine for the nice days of minix-1.1, when men were men and wrote their own device drivers? Do you want to cut your teeth on an operating system that will achieve world domination within 15 years? Want to get rich quick by the end of the century by taking money from hordes of venture capitalists and clueless Wall Street suits? Need to get even with Bill Gates but don't know what to do except throw cream pies at him? Then this post might just be for you :-) Linux (which was known as "Lindows", "Freax", and "Billsux" for short periods in 1991) hit the bigtime on January 5, 1992 (exactly one year after Linus wasn't hit by a bus) when version 0.12 was released under the GNU GPL. Linus called his creation a "better Minix than Minix"; the famous Linus vs. Tanenbaum flamewar erupted soon thereafter on January 29th and injured several Usenet bystanders.
It's very glamorous to raise millions of dollars, until it's time for the venture capitalist to suck your eyeballs out. -- Peter Kennedy, chairman of Kraft & Kennedy.