What We Learned In The New Economy: Converge Those Actionables, Dude!

Did you speak New Economy? The vocabulary now seems strangely quaint, if not outright asinine. Here's a helpful glossary for those who have conveniently forgotten.


Actionables
Then, parts of a business plan a person could take action on
Now, offenses for which your former employees, customers, and shareholders can take you to court.
Angels
Then, early individual investors in a startup
Now, the supernatural beings you pray to each night in hopes of staving off total financial ruin.
B2B
Then, business-to-business
Now, back-to-basics.
B2C
Then, business-to-consumer
Now, back-to-court.
Build it and they will come
Then, the notion that if you built an Internet presence, paying customers would soon flock
Now, a line from the Kevin Costner hit movie Field of Dreams.
Bunny suits
Then, the protective R&D gear worn by lab rats in "clean rooms," where the latest technology was being invented
Now, the costume some former dotcom executives have to wear for their $8-an-hour Easter party gigs.
Convergence
Then, the coming together of various forms of media and technology
Now, cable operators' lock on anything that can travel over coaxial cable.
Due diligence
Then, the thorough investigation by a VC firm of a startup
Now, the work done by Eliot Spitzer's staff before presenting yet another case to the SEC.
Eating your own dog food
Then, Netscape's term for using its own software
Now, saving on groceries.
ERP
Then, enterprise resource planning
Now, early retirement package.
Exit strategy
Then, a plan for getting out of a startup at a profit.
Now, a plan for busting out of the slammer.
Finger
Then, a method used to find someone on the Web
Now, ratting your boss out to the authorities.
First-mover advantage
Then, being first to market
Now, being the lone survivor.
IPO
Then, initial public offering
Now, illegal profiteering orgy.
Network effect
Then, the magnifying effect of Web communications
Now, spam.
P2P
Then, peer-to-peer
Now, paycheck-to-paycheck.
Personalization
Then, tailoring online offerings to individual clicking habits
Now, a thin excuse to strip people of privacy rights.
Spin-off
Then, the lucrative separation of a promising business from its corporate parent
Now, a way to dump a dog, usually by selling it for a fraction of what was spent on it.
Value-added
Then, the notion of adding critical value to an existing product or service
Now, getting a supersized order of fries and a drink at McDonald's for only a buck more.
Webify
Then, to get your existing business ready to operate on the World Wide Web
Now, having Phil from IT slap up a Web site.

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