Another Web 2.0 Business Model: Find the Biggest Sucker
byIt looks like there is another Web 2.0 business model ready to compete with the Freemium model I talked about last week. Facebook, the popular community site for college and high school students, has been shopping itself around for sale and rumors have them asking for an amount of money that includes the word “billions.” That’s a far cry from anything with any part of the word “free” in it. Techdirt probably put it best when talking about the head of Fox Interactive who recently purchased MySpace for $580 million when they said, “many of these companies do have a business model—it’s convincing people like him that they’re worth ridiculous amounts of money.”
So, if there are any suckers out there looking to buy something, I have this great idea to sell dog food on the internet. Fire me off an email, we’ll do lunch.
Comments
this just in… “Cardboard signs overtake bar napkins as business-model diagram tool of choice! After ‘cardboardbizplans.com’ and ‘HaveIdea-NeedMoney.org’ announced a new partnership, valuations of both startups soared; proving once again that the most valuable innate skill recent investment banker MBA graduates must have is focused and aggressive enthusiasm for cool-looking websites.
As one Harvard green-horn put it, “I have a pretty solid understanding of this industry. I mean, my folks sent me off to grad school in September of ‘03, so that’s like, um, 3 er 4 years of top-notch exposure right there. I really don’t think it matters what happened before that time… just to look forward. ‘Strategic tunnel-vision’, I like to call it.
A new york senator was reportedly less optimistic, warning that enterprising people are dangerous for the economy, “like those silly entrepreneurs in Dubai”. “I logged onto that cardboard site, and I couldn’t even find the download link anywhere!?”, she said.
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