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Daily Inspiration Quote by Vinton Cerf

"First of all, in terms of investment in Internet-related developments, venture capitalists - once burned - are now very cautious and are investing in areas that actually make business sense"

About this Quote

There is a quiet I-told-you-so buried in Cerf's calm technologist prose. “Once burned” doesn’t just nod to the dot-com bust; it reframes an era of speculative frenzy as a predictable lesson in physics: touch the hot stove, you learn. The line “in terms of investment” sounds clinical, but it’s doing moral triage. Cerf is separating Internet “developments” that change the world from Internet “developments” that merely attract capital.

The key move is the phrase “actually make business sense.” Cerf isn’t anti-innovation; he’s anti-delusion. Coming from an inventor associated with the Internet’s foundational architecture, the statement lands as a corrective to the Silicon Valley habit of treating technological possibility as proof of market inevitability. He’s implicitly arguing that the Internet’s value was never the party trick of being online; it was the infrastructure for services with durable demand. “Business sense” is his shorthand for unit economics, real customers, and survivable time horizons - not page views dressed up as destiny.

Context matters: Cerf speaks from the aftermath of a bubble when venture capital shifted from exuberant funding of “Internet companies” as a category to more sober bets on specific models (payments, marketplaces, enterprise software) that could monetize the network rather than merely celebrate it. The subtext is a warning to technologists, too: if you want capital, stop selling the romance of the medium and start articulating the mechanics of the business.

Quote Details

TopicInternet
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APA Style (7th ed.)
Cerf, Vinton. (2026, January 18). First of all, in terms of investment in Internet-related developments, venture capitalists - once burned - are now very cautious and are investing in areas that actually make business sense. FixQuotes. https://fixquotes.com/quotes/first-of-all-in-terms-of-investment-in-9693/

Chicago Style
Cerf, Vinton. "First of all, in terms of investment in Internet-related developments, venture capitalists - once burned - are now very cautious and are investing in areas that actually make business sense." FixQuotes. January 18, 2026. https://fixquotes.com/quotes/first-of-all-in-terms-of-investment-in-9693/.

MLA Style (9th ed.)
"First of all, in terms of investment in Internet-related developments, venture capitalists - once burned - are now very cautious and are investing in areas that actually make business sense." FixQuotes, 18 Jan. 2026, https://fixquotes.com/quotes/first-of-all-in-terms-of-investment-in-9693/. Accessed 9 Feb. 2026.

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Vinton Cerf (born June 23, 1943) is a Inventor from USA.

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