Before the first bubble burst we saw companies popping up left and right with no real viable business plan, but a lot of money backing them up. We all know what happened and would like to think that those mistakes won’t be made twice. However, in this era if you visit any of the Web 2.0 (at 9rules we call it Web++ because it’s going to keep on changing anyways) news sites it seems that even more “companies” are being formed than before and even though not all receive the same hype they all get their 2 minutes of fame (the time it takes to read the entry). However, after the 2 minutes how many really thrive afterwards?
Everyone is so quick to go, go, go that they don’t realize it isn’t always who gets the fastest start, but who actually ends up finishing the race. What is the ratio of successful startups today do you think? How many just flounder off to nothingness?
Originally posted on July 14, 2006 @ 3:08 pm