DISQUS

Simon · 2 years ago

FilmLoop was first funded by GlobeSpan Ventures and Garage Ventures in January 2005, and hardly late to the game, just not reported in the blogosphere.

Peter Rip · 2 years ago

Well, yes and no, Matt.

Cream is rising and curds are falling. Before Xmas I heard of 4 "web 2.0" deals that had B rounds of $375M in aggregate pre-money value. They have huge user traction (but little revenue, if any).

Consumer web is a lottery. More losers than winners. Nothing new, really. But there is drama at both ends. For every YouTube there are 1000 PeerFlix and Browsters.

Charles Hudson · 2 years ago

Because so few of the companies in the web 2.0 world are making any money, the only way to evaluate their prospects is on user growth or the perception that the company is a winner. In the case of FilmLoop, it appears that RockYou and Slide are doing much better. As is the case with video, I think we'll see more markets where the #3 through #x players find a tough existence and the top 1 or 2 companies have options. Like Peter said, it's really a lottery.

Agoracom · 2 years ago

I've been vocal about this very topic since the Mesh Conference in Toronto last spring. Specifically, it didn't make sense that so much VC money was flowing into companies that were neither making money, nor had any monetization model.

I understand rolling the dice on a small group of gems but investing in 2 dozen online video companies looked more like throwing darts than smart investing.

Unfortunately, the direct result was to incentivize entrepreneurs to continue building "cool" companies with no revenue and, even worse, no chance of generating revenue.

We need to focus on companies that have achieved commercial acceptance FIRST and then provide them with capital to scale. Companies that have taken Web 2.0 and built applications for real paying customers.

This may not be "cool" but this isn't high school either.

Let's hope 2007 is the year of boring, money making companies that receive VC funding and grow even bigger. Quite the concept!

PS - We generated more than $1M in revenue this year + healthy profits from servicing the small-cap stock space. Real service, real customers, real money. Now looking for a real VC.

Regards,
George

Ved · 2 years ago

Hopefully, this will keep the bubble 2.0 to a size which would be healthy for the technology and for business.

Matt · 2 years ago

I agree. Of course the bubble will burst. The whole web 2.0 thing is just a term, it's not real. Someone needs to start selling Web 3.0 conferences. Actual web businesses with revenues and expenses are continuing to thrive amidst the fall of the 200 random social video networking services...

SearcH EngineS WeB · 2 years ago

Many of the services of these web 2.0 StartUps are good and useful and their technologies are innovative.

It is unfortunate that those with similar technologies are not able to combine and synergize to form something more potent and impactul.

There is no good reason why a good product or service can not be combined with something that already exists - as opposed to just being abandonned - perhaps it is just ego or narrow-minded competition.


When one thinks of all the brilliance and hard work and labor and investments that has gone into creating, that ultimately is wasted when the creation dies.

Pramit · 2 years ago

MediaVidea a detailed analysis of the current Web 2.0 situation, vis a vis the bubble:


http://mediavidea.blogspot.com/2007/01/web-20-g...

Peter Rip · 2 years ago

It seems to me that it is no coincidence that these notices come at the start of a new year. I think company closings / failures tend to be seasonal, relating to funding and fiscal operating plans. Don't expect to see the rate of Web 2.0 carnage to accelerate over the next few months. Don't get me wrong... there too much of the same stuff everywhere, but the breakage rate is more chronic than a bubble bursting.

AkiraKaneda · 2 years ago

McNair is saying that this piece isn't actually true in the way they make it sound. You can check out his comments over at thebacklot.peerflix.com under "Critics Corner" in the topic "Peerflix Canadian Office Closed." Go have a read and see who you believe.

Matt Marshall · 2 years ago

Good grief, McNair can say what he wants, but he told me they closed the office there, and everyone in Canada is going. Some might be transferred back to the US, but McNair wouldn't commit to any details on that, and definitely said there were layoffs.

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Tom Ruthford · 2 years ago

Too bad about Mojeo. However, one company that seems to be thriving in this field is Earthcomber--which has a patent on LBS technology identifying a person favorite person place via GPS.

Earthcomber seems to be the application that has survived and thrived. I have it on my phone. Pretty cool.

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PDX Guy · 1 year ago

The bubble has blown up already. Yet still some many 2.0 sites hit the market every month.

chronicpain_hero · 1 year ago

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