and wealth creation
"If you put a good service out on the Internet, people will
come," said Bill Martin, founder and vice president of the
Raging Bull financial information web site, and a former student
in the McIntire School
the conference room and the overflow room at the Darden
School were packed for back-to-back e-summit panels on "Entrepreneurship
and Wealth Creation."
building the web site and getting people to come are only half
the battle, according to the panelists at the first seminar. The
other half is being able to make the site profitable, said Allison
Abraham (Darden '88), chief operating officer of iVillage Inc.,
a web site for women.
finding ways to make money consistently on the Internet was a
recurring theme among the speakers on both panels. While running
different businesses in different ways the panelists agreed on
three other points:
in the Internet age, decisions must be made fast or market opportunities
will be lost;
the business environment is one of continual change;
yet, even the most cutting-edge technology, to be profitable,
must be managed by people who possess traditional business skills,
such as those taught in MBA programs.