“Over the last several weeks, I’ve been on several phone pitches from west-coast companies that are looking to be the ‘ flickr of XXXX’ or ‘like del.icio.us but YYYY?’or ‘the Digg killer?. It got me thinking –how many people outside of the valley have ever heard of these companies? I asked a bunch of local (Philly-area) acquaintances and the answer came back loud and clear: none — nada – zip. People here have barely heard of Myspace and Craigslist, let alone any of the ‘hot’ Web 2.0 companies….
…If we could get access to the usage logs of the top 10 Web 2.0 properties, I would bet that their 10,000 most active users would all be the same.”
–Josh Kopelman, RedEye VC
“Over the last several weeks, I’ve been on several phone pitches from west-coast companies that are looking to be the ‘ flickr of XXXX’ or ‘like del.icio.us but YYYY?’or ‘the Digg killer?. It got me thinking –how many people outside of the valley have ever heard of these companies? I asked a bunch of local (Philly-area) acquaintances and the answer came back loud and clear: none — nada – zip. People here have barely heard of Myspace and Craigslist, let alone any of the ‘hot’ Web 2.0 companies….
…If we could get access to the usage logs of the top 10 Web 2.0 properties, I would bet that their 10,000 most active users would all be the same.”
–Josh Kopelman, RedEye VC