4 ms·
What struck me about this list is how old these companies are. It's sad because that web gold rush seems to be over. Do the lessons from that generation of star
by guelo 7y ago
What struck me about this list is how old these companies are. It's sad because that web gold rush seems to be over. Do the lessons from that generation of startups apply to the much more consolidated web of today?
Instagram 2010, Whatsapp 2009, Groupon 2008, Twitter 2006, Youtube 2005, Facebook 2004.
- marco1 7y agoYou’re right about the gold rush being over. But what certainly remains true is that, although your product may be failing, it could be possible to identify individual features or adjacent markets that are more promising.
- nugget 7y agoMe in 2001 (dot com crash): "the web gold rush seems to be over" Me in 2007 (market malaise): "the web gold rush seems to be over" Me in 2012 (Facebook IPO): "the web gold rush seems to be over" Me in 2019 (finally having learned my lesson): there are probably still plenty of opportunities left, if you know where to look
- guelo 7y agoPast performance is not indicative of future results.
- icebraining 7y agoExactly - neither positive nor negative.
- gumby 7y agoWhen I first moved to Palo Alto in 1984 the houses were all underwater (worth less than what was owed on their mortgage) because of the tech crash. The boom had been fun but everybody knew it was over and not coming back. After all, how many disk drives did the world really need anyway? The tech business magazines (upside, red herring, etc.) all had cover stories about how people were fleeing the valley