I have been motivated to start this blog just to share my the information that i have gathered being in this Web 2.0 industry for some time now. This is just an attempt of mine to explain the nuances by which an entrepreneur can do/must do business.
Since I am currently in India, this has added a new dynamics to this whole situation. What we are right now witnessing in India could probably be compared to the situation in which US of A was in their early 80s and 90s.
That was the time when the computer industry really took off and everything was about IBM/Apple/Microsoft etc. etc. etc. The US economy was booming, exports of Computers were skyrocketing, US software companies were on an acquisition mode doing M&A's around the world. People were actually witnessing what could be termed as "US flexin' its muscles".
And then came hotmail/google/bazee, a bunch of dot com startups raking in the moolah when software was at its very nascent stage. Then came the "bust" or rather "dot com bust" followed by restructuring (another word for slashing jobs).
During this time... a new world order was coming up... internet was playing an altogether different medium of communication... not just of emails/IM's but also Scraps, posts etc.. Blogs, Comments, Votings, rating... all this became more then a feature for the new generation websites... The I in the internet is now for Interactivity... Internet was now about communities, groups etc.
This also led to some start-ups such as Youtube, Facebook become multi-billion dollar business in just no time... How??? Follow the link to find out how ... http://avc.blogs.com/a_vc/2006/09/youtubes_potent.html... Youtube got it right with the financials... and whats was the grail that facebook followed to become a billion dollar enterprise in less then 5 years... Read here... for Youtube... and here for facebook...
The Indian scenario has not been very encouraging with very few companies following the Web 2.0 opportunity. I believe its high time... people spend time investing in these technologies and finding out business in them.
~Rajat~
