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RuhRoh.
The bad news? While a few startup stars like Twitter and Slide can get venture cash on little or no revenue, the expiration date on your "it's [blank] with a social network layer" pitch may be well past. "There is going to be a shake-out here in the next year or two," Battery Ventures partner Roger Lee told the Financial Times. Mitchell Kertzman of Hummer Winblad was a little more succinct: "If you look at some of the valuations, you wonder what fantasy of revenues they're based on." The kinda good news? Google will help subsidize the cost of entry for early-stage online projects with infrastructure — you'll just have to use their Web Apps cloud and their Gears and Android clients developing browse and mobile applications, respectively.
Most RecentMost Recommended Comments (3)
at 13:31 on May 27th, 2008
mindanarchist, I like this story. It's good stuff. Haven't seen you in a while!
at 13:57 on May 27th, 2008
Just don't look down!
at 15:03 on May 27th, 2008
Interesting - NP is in this position also - lot of VC money but no income prospects other than some paltry ad click revenue.
How many web 2.0 will crash and burn I wonder?