Friday, April 07, 2006
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.
