Another thing about Web 2.0 that struck me was the uniquity of young entrepeneurs who’d sold out to Google, AOL, Yahoo or other big companies over the past 15 months, clearing $5-60 million per company.
I must have seen 14 people who fit that bill, and 400 who wanted to be next in line.
A VC at the conference explained the strategy as follows ” We work backward from a list of 4 potential acquirees, and if they don’t have that, no $$.”
The day the big portals stop buying is the day the bubblet pops.
Another thing about Web 2.0 that struck me was the uniquity of young entrepeneurs who’d sold out to Google, AOL, Yahoo or other big companies over the past 15 months, clearing $5-60 million per company.
I must have seen 14 people who fit that bill, and 400 who wanted to be next in line.
A VC at the conference explained the strategy as follows ” We work backward from a list of 4 potential acquirees, and if they don’t have that, no $$.”
The day the big portals stop buying is the day the bubblet pops.