You gotta be kidding me!

Artashes

Artashes

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Welcome to Bubble 2.0. Spottt - Free Link Exchange - a free link exchange (a la web 2.0 style - ooptie-doo.. ) secured $12 million in funding from some idiotic VC... :shocked: A link exchange? $12 million? Can someone wake me up? Better yet, can someone wake the guys up who made the decision to invest this much money into a friggin link-exchange?
 
I read these headlines every day. $8 million here, $14 million there... and it all goes to companies that are not inventing anything new, rather trying to compete on a field that is already busy with 10s of other companies. What's more frightening is that 95% of these companies do not even have a product, merely a "feature". Its a mentality of an 8 year old: "Oh! I designed an ajax-enhanced drop-down menu. Let's raise some millions, stay unprofitable for 12 years and maybe Yahoo, Google or Microsoft is going to buy us for $2 billion." Here is a good tip to anyone who wants to start a "web 2.0" company: a "site feature" is not a product and its not a good idea to try to convince me that there is a "business model" behind this crap. There is no business (or no need) in raising $10 million for another news social bookmarking site, just waste of money. What are these investors thinking??
 
Why dont they invest insoemthing more reasonable. Like me getting my own datacenter lolz. I'm going to need one if I expand anymore.
 
The biggest issues I see here:

1. Companies who have awesome ideas, products, services, etc have trouble finding capital to make it happen.

2. Inverstors put money into this garbage instead.

3. It is because of number 2 getting the investors burned, that we have number 1.

These people need to wake up. What ever happened to market research?
 
GR-Andy said:
Why dont they invest insoemthing more reasonable. Like me getting my own datacenter lolz. I'm going to need one if I expand anymore.
Click to expand...
While you are laughing, I would rather invest $10 million in your DC, that has actual revenue-making business model behind it, rather than a silly website with AdSense as the only hope to make money. That and being acquired by GYM of course.

ANMMark said:
2. Inverstors put money into this garbage instead.
What ever happened to market research?
Click to expand...
Market research? Mua-ha-ha-ha-ha-ha!!! :devil: Oh, Mark, you kill me with your jokes!
 
and it all goes to companies that are not inventing anything new, rather trying to compete on a field that is already busy with 10s of other companies.
Click to expand...
Well, some of the most trafficed sites of today did not really come with something new per se, merely improved things a bit, but with the right funding and marketing, they are where they are.
 
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