Unsustainable Web 2.0 Momentum - Look For Realistic Options
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Caterina Fake of Flickr.com fame writes it's bad time to start a (Web 2.0) company now. In a scenario where everyone is starting a company and managing to get funded she writes, You've got $5 million in the bank, and they do too....
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Caterina Fake of Flickr.com fame writes it's bad time to start a (Web 2.0) company now. In a scenario where everyone is starting a company and managing to get funded she writes, You've got $5 million in the bank, and they do too. Their VCs want them to succeed every bit as much as your VCs want you to succeed. This gets you into a horse race, which no one wants: it's exhausting and expensive. She adds, Web 2.0 isn't all that. Hello?. I don't think there's a rising tide lifting all boats here. I don't think Web 2.0 is the magic bullet some people seem to think it is either. It ain't the features, it's that AND the business. As I wrote weeks back, its time for a reality check on Web 2.0 movement. Web 2.0 is clearly getting disproportionate coverage in the blogosphere. Web 2.0's share in the real world as delivering value to business and society is indeed limited - if we look at the enterprise software. This is what is directly responsible for making the business machines hum and improve — be it airline scheduling, dispatching crude oil or treasury management or powering the stock exchanges of the world. I sort of agree with the view that Web 2.0 lacks meaning and magic.
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Highlights:
In a scenario where everyone is starting a company and managing to get funded she writes, You've got $5 million in the bank, and they do too.
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