What I find hilarious about this picture isn't that he's lighting a cigar with a few hundred dollar bills (looks like a Photoshop job if you ask me) but because the website that reports on Web 2.0 Internet Startups probably makes more money than the Internet Startups it reports on. How many Web 2.0 companies can report that they are making at least $60,000 in revenue a month? … [Read more...]
Archives for August 2006
GYM’s Shitting On Your Startup
By now you've probably heard that The Little Calendar App That Could(n't) Kiko has been absolved and is being sold on eBay alongside diapers, that's a tough ending, especially for a fledgling company funded through Paul Graham's prestigious Y Combinator warm incubator. From Paul's Kiko eulogy: "What nailed Kiko was Google Calendar. Once that came out, not only did Kiko's … [Read more...]
The Web 2.0 Exit Strategy: Sell It On eBay
Kiko, an online calendar application incubated by Y Combinator, is up for sale on eBay. The starting price of $49,999 has not been met yet, so we'll see how it goes. Traditional exit strategies for companies include being acquired or an IPO, but that's normally for companies that have at least an inkling of an idea about how to make money. Unfortunately for many "Web 2.0" … [Read more...]
Why Some Startups Stumble And Others Succeed: User Generated Quid Pro Quo
The harsh truth that tech and "Web 2.0" industry pundits don't like to talk about is that the vast majority of these new "Web 2.0" companies are failing. New companies are starting, mashing up, trying to innovate, but none are close to approaching the success of MySpace, Digg and YouTube and there's a very good reason for that: They don't "pay" their users enough. Now … [Read more...]
2006 WWDC Anti-Predictions
The day that Mac geeks wait for every year has arrived, and instead of doing the usual "what's going to be said" blog entry, I'm going the opposite route and predicting what won't be announced. Let's do it! No iPhone. I say this one more because I hope I'm proved wrong, but to be honest, I don't think it's coming on Monday. New cellphones have to be approved by the FCC … [Read more...]
