This link has been bookmarked by 4 people . It was first bookmarked on 15 Oct 2008, by Sudeep Bhaumick.
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Mardy McGawWeb Dot Two Dot Over? quote line
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Jennifer DormanThe storm is on Wall Street, but it's rippling out to Silicon Valley and causing investors to be more cautious.
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The signal traits of these Web 2.0 companies are cutesy logos, odd-sounding names—Twitter, Zooomr, Digg, Ning, Loopt—and flimsy business plans based on a vague notion of luring millions of people to free Web sites and someday selling advertisements. Most lose money. Some have raised enough venture-capital funding to survive for a year or more. Some may be able to raise more from venture backers, albeit at onerous terms. But many are going to flame out.
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