Can you say "return of the dot bomb"?
I was made redundant from 3 jobs in a row between 2000 and 2003, so I'm naturally nervous about this. Venture capitalists jumped on the web in the 90s as it promised new and exciting things. Which it delivered. But few of them make real money. I really, really, really, really (really) hope that VCs aren't being led stupidly down an amazingly similar garden path, next door to the one they went down not 10 years ago. Web 2.0, social networks, mash-ups, open source, yadda-yadda does not = money. In fact, at the moment, it's even harder to make money out of things like social networks.
Whereas in the 90s era (web 1.0), web was storefront; people expected to see "product X - you'll love it - it's £19.99" I do not believe for a second that web 2.0 offers the same prospects. If you consider networks such as Facebook and MySpace et al as social arenas, then think of them as groups of people at a party. The conversation ebbs and flows as they move from topic to topic, interweaving inside jokes and winks. Then you come along with a fuck off great big placard, wriggle your way in yelling "buy our shampoo - it's only £19.99". Seem weird? Well, that's exactly how it feels to me when I see people trying to do it in these arenas.
Dooooom!!!!!
End of the woooooooooorld!!!!!
Thanks TechCrunch
I was made redundant from 3 jobs in a row between 2000 and 2003, so I'm naturally nervous about this. Venture capitalists jumped on the web in the 90s as it promised new and exciting things. Which it delivered. But few of them make real money. I really, really, really, really (really) hope that VCs aren't being led stupidly down an amazingly similar garden path, next door to the one they went down not 10 years ago. Web 2.0, social networks, mash-ups, open source, yadda-yadda does not = money. In fact, at the moment, it's even harder to make money out of things like social networks.
Whereas in the 90s era (web 1.0), web was storefront; people expected to see "product X - you'll love it - it's £19.99" I do not believe for a second that web 2.0 offers the same prospects. If you consider networks such as Facebook and MySpace et al as social arenas, then think of them as groups of people at a party. The conversation ebbs and flows as they move from topic to topic, interweaving inside jokes and winks. Then you come along with a fuck off great big placard, wriggle your way in yelling "buy our shampoo - it's only £19.99". Seem weird? Well, that's exactly how it feels to me when I see people trying to do it in these arenas.
Dooooom!!!!!
End of the woooooooooorld!!!!!
Thanks TechCrunch
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