Ross Mayfield's Weblog: Wriiiiightly: Sage advice/insights from Socialtext CEO Ross Mayfield:
"Congrats to the Writely folks. They said they were building to flip, and they did. Build the feature missing in the portfolio, forget about the revenue model. Unfortunately it's status quo for a valley that doesn't aspire to be anything more. But they did execute their goal, so credit is deserved, and now they can set a new goal.
For other entrepreneurs, don't choose other's goals as your own. Find your own. And don't worry, there will be no monopoly over the read/write web. The web part is just beginning. For VCs, keep it together."