George Morrow:
"Venture capitalists don't know how to decide which companies are going to be successful. They don't have the slightest idea what the ingredients of a success are. The only thing they know is what worked the last time. They have a tendency to repeat. They'll work it to death."
![A quote from oral history given by Dr. Peter Hart, cited in the September 2026 issue of "Computer Chronicles Revisited":
“Well,” [FCI President Tom Roberts] said, “Peter, you have the reputation of being probably the only sane person in artificial intelligence.” I don’t know where that came from. But I remember the comment. So, he said, “Write me a memo about three locations in the country where we might set up an artificial intelligence center.” I said, “I’d be happy to, Tom, but the only place I’m going to do it is right around here [Silicon Valley]. So if you want me to do it, it’ll be around here. But I’d be happy to write you the memo.” So, I set up an artificial intelligence center in the original Fairchild building on Miranda Avenue in Palo Alto](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:77ivhmchwtaeiqwvqd57dxxz/bafkreicyncl4i6hienlb7n5k5ovnpszefldz7hkio3rnwcg5u32qj46lfm)
![A section from the Osborne bankruptcy filings:
"(The Toronto Finished Goods have been refused by the purchaser, Lanpar Technologies, Inc., who is indebted to Debtor [Osborne] but who has asserted various claims and offsets against Debtor. The amounts Debtor claims are owed it by Lanpar for these goods are included in the valuation of accounts receivable forming a part of the Orderly Liquidation Value. These units of finished goods have not been approved for sale by the Federal Communications Commission for use or sale in the United States. Debtor could realize value from these units if it could recover them and sell them in other overseas markets. In the event the Court approved a settlement of the Lampar dispute which also allows Lanpar to keep or sell said goods and which permits Lanpar to pay less than the full value of the Debtor's receivable, the Adjusted Orderly Liquidation Value will be correspondingly reduced."](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:77ivhmchwtaeiqwvqd57dxxz/bafkreianflrhcoux3tf47vyvcgthehgfwj446dbcefr3fdr36ipgocwtsi)
