Points from a Talk given by Vinod Khosla, IT Visionary & Top Venture Capitalist, USA in February 2001.

In a Real Time Corporation, Software Applications would have the ability for Rapid, Incremental Implementations.
At the same time, Adaptive Architecture, Automated Systems and An Ability to Evolve would ensure that Implementations incrementally build on each other.
Software Wheels would not be reinvented.
Earlier Software Implementations would not be scrapped, but used as a foundation and stepping stone for further implementation work.
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