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Maybe in the social space, except that there are social companies with serious profits (Zynga). But overall? VCs are still not investing at a significant rate.
by sabat 17y ago
Maybe in the social space, except that there are social companies with serious profits (Zynga).
But overall? VCs are still not investing at a significant rate. It's better than it was a year ago, but their funds are still much lower than previously.
I think this story itself is a bubble (i.e. a reporter in search of something to report on).
- hugh3 17y agoThere's always some sort of bubble in the VC industry. Two years ago stupid money was being thrown at anything with "clean tech" in the business plan. Now it's "social". Two years from now it might be... [actually I've racked my brain and can't think of anything plausible. If you figure it out please let me know and we'll be rich circa 2012].
- jerf 17y agoPeer-to-peer social, correcting the dominance of Facebook by re-opening the platform. Valuations collapse after a year when it is noticed that peer-to-peer social makes it much harder to add a lot of ads when your clients can leave easily, and even profitability will difficult because the result is not a magic money machine, but the total commoditization of "social" websites.
- ryanhuff 17y agoIts always good to zig when others are zagging. As dollars chase the flavor of the month, there are likely voids in other markets. Perhaps enterprise software?