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Favorite quote: "Sanford Bernstein’s bearish approach is based on its belief the Web 2.0 model of building something and then figuring out a way to make money i

• preview 18y ago
  I disagree. The lesson from the dot.com bubble was that anything put on the Internet could be monetized and would become profitable. That was (and is) silly. The "Web 2.0" mindset, at least the mindset I've seen most often on HN, is build it fast and get it out there to see if it has value. I also think there is some thought to how the solution can be monetized, but plans change in response to changing environments.
  • ryanwaggoner 18y ago
    The "Web 2.0" mindset, at least the mindset I've seen most often on HN, is build it fast and get it out there to see if it has value. Sadly, this is not the Web 2.0 mindset. If it was things like Twitter and Facebook would have been "monetized" a few months after their launch, when it was abundantly clear that they offered value to people.
  • nir 18y ago
    Yes, but how do you judge if it has value? It seems that, as in the dot.com era, it's still not judged by income, but by number of users (or just level of hype - Twitter only has ~6 million users). Current technology does make this valid in some sense - you can launch very cheaply and, if you attract enough interest, get bought by a larger company. As I understand this is YC's general approach. But it seems that Twitter tends to refuse buyout offers, so I they are more of a classic dot.com.