Tuesday, 11 November 2008

Crunch 2.0

Now that reality is dawning in the world of global finance, what of the ultimate in 'Emporer's New Clothes', those companies that base their value on the promise of profit 'some day real soon'  and in the meantime do little other than shuffle electrons?  Or Web 2.0 start-ups to be more specific. Well Tim O'Reilly and Al Gore have been discussing the issue at the Web 2.0 summit in San Francisco, as reported on the BBC website. In summary? Time for folks to get serious with applications that have real value and make a needed contribution and a space for alternative revenue models to the dominant advertising approach whose returns are dropping in value with the plethora of sites available.

(Photo: James Duncan Davidson - attribution details)

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