Building a Better Boom

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.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.