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Re: Time to Eat Your (Web 2.0) Own
by
AGORACOM
hi, Mark. I've been unwaivering on this topic from Day 1. Most W20 companies don't have viable business models. The blogosphere could hype all it wanted but it never changed the fact that most of these "businesses" were nothing more than cool ideas being used for free.
This latest trend serves as a strong indication that VC's feel the same way and are no longe willing to throw more money at a service so that a bunch of kids can surf and have fun.
We need to use this opportunity to change our reporting emphasis from what is cool to what is valuable. Digg, YouTube and others are getting far too much coverage, while real companies are being ignored. We should be emphasizing real companies in order to help them get coverage, build a bigger business and become beacons of Web 2.0. In turn, that would spur development of more real companies.
As it stands now, too many coders are focusing on cool and free applications that don't do anybody any good - as evidenced by this latest trend.
Best,
George
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