Emergic: Rajesh Jain's Blog

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Building a Better Boom

November 21st, 2005 · No Comments

The New York Times has a commentary by John Battelle on how things are different this time:

First, this time the Web is ready for the dreams of both its innovators and its public. The first version of the Internet – call it Web 1.0 – was long on vision but short on execution and audience. The technology was rudimentary, precious few had broadband connections and starting a business that “scaled” – one that could deal with success and the traffic it brought – was extremely expensive.

The Web has since become a platform, and building new businesses on that platform is no longer a multimillion-dollar proposition. Most new Web businesses nowadays are started with less than half a million dollars, and it’s rare to find one that wants to use money from an initial public offering to get to profitability.

Tags: Emerging Technologies

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