"I love that here is this cry for revenue generation out of a company not even two years old, Relax, it is coming. Twitter Investor - Chaffee"
I'll add this to my dog and pony show that I have for investors. We'll meet, they'll blabber something about revenue and I'll just tell them to 'relax, it's coming'.
Should go over well.
Scary that these are the people with all the money who are funding startups.
Title is misleading. No documentation of a tech bubble. Mostly a rant about social sites that haven't yet developed their business models (monetized themselves).
It's valid to be concerned about monetizing a social app, but... do you remember all the static that Amazon received for years about not turning a profit. But they built their base and a supreme market position. As of December 2008 Amazon was one of few online retailers to grow!
Be careful about the generalizations. Or the assumption that you can't later bring in the business types to ramp up the marketing and cash-flow aspects. Timing is everything. And is easiest assessed in hindsite.
Not to say that Facebook/Twitter don't need to seize that moment now... Just to say that some "bubbles" make good molds on which to build solid financial models.
I remember but also Amazon did have a valid business model... they just didn't garner the users needed at that time. Twitter and Facebook are still chasing there own tails thinking something will just happen.
And your right about the title, debating on changing it
Last I checked, there have been something like 200,000+ tech jobs lost in the last 6 months. Scores of startups closing shop. I think we're well past a 'bubble' by now. If Twitter wasn't having amazing adoption and growth, they wouldn't get a damn dime. And despite what is being said publicly, Twitter was probably required to seriously lay out a revenue model as part of the funding process.
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[ 4.2 ms ] story [ 18.2 ms ] threadI'll add this to my dog and pony show that I have for investors. We'll meet, they'll blabber something about revenue and I'll just tell them to 'relax, it's coming'.
Should go over well.
Scary that these are the people with all the money who are funding startups.
It's valid to be concerned about monetizing a social app, but... do you remember all the static that Amazon received for years about not turning a profit. But they built their base and a supreme market position. As of December 2008 Amazon was one of few online retailers to grow!
Be careful about the generalizations. Or the assumption that you can't later bring in the business types to ramp up the marketing and cash-flow aspects. Timing is everything. And is easiest assessed in hindsite.
Not to say that Facebook/Twitter don't need to seize that moment now... Just to say that some "bubbles" make good molds on which to build solid financial models.
And your right about the title, debating on changing it