Love Links
Having Mike Arrington declaring that we are in a bubble is rather uncommon. What trigger the wake up call? The new odd project of Susan Crawford, which her blog is one of the most knowledgeable and thought provoking I know. Mike is very clear when he expresses his opinion about this project:
I’m hesitating before posting this, because some of the people involved are my friends, but what the hell is One Web Day supposed to be all about?
…
Bleh.
We must be in a bubble.
And if we are already in the spirit of love, here is what Nick Carr thinks about Mike and about his new company:
Cofounded by Michael Arrington, the madam of the great Web 2.0 brothel TechCrunch
…
In short, Edgeio enters a crowded market with a ton of pizzazz and a gram of strategy. Sound familiar? It should. It’s what’s engaved on the virtual gravestones of hundreds of dot-coms.
And while Mike thinks that Newsvine is perfect Paul kedrosky express different opinion:
In a quasi-continuum with blogs at one end, and comment-enabled newspapers and Google News at the other, and with vertical news sites like Digg and Memeorandum and their ilk eating up the middle, why do I need Newsvine?
It feels, in a word, homogeneous. Because I don’t use social news sites to find out what everyone else is reading; I look at them for a point of view on things I should be reading. I can always go to Yahoo News if I want to know the current news opiate of the masses.
And you know what? I think that they are right.
blog comments powered by Disqus
Add New Comment
Viewing 4 Comments
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
Do you already have an account? Log in and claim this comment.
What is really pain in the ass for both investors and founders are the next rounds if the profit doesn't begin to flow.
What happens then is that investors want bigger share of the company for even lower price and at this point owners are usually in some way committed to continuing at the company (VCs know how to do this, fortunately where I love, laws are always in favor of the small guy, not the big company).
Next the VCs (who by the way always think they are correct) try to take control of the whole company and everything goes to hell.
Believe me, I have lived through that and it wasn't a cheap lesson for me.
That's why profit is so important, especially if you have VC money.
peace, _mikkom
Do you already have an account? Log in and claim this comment.
I'm not an expert in the practices of VC but it seems that if they have success with few companies the ROI cover the failure investments.
It is also important to note that in this round the investment needed is comparitivly low.
<div>
</div>
Do you already have an account? Log in and claim this comment.
It's quite strange that VCs haven't learned their lessons.
Add New Comment
Trackbacks