Dear Webpreneurs,
Click this. Study this. Understand this. Change this.
Thanks to Chris at rawstylus for the heads up!
Dear Webpreneurs,
Click this. Study this. Understand this. Change this.
Thanks to Chris at rawstylus for the heads up!
There’s been a lot of talk lately about an ensuing second internet boom. With the billion dollar sales of many web 2.0 companies it’s easy to see why:
Among others…
To give a little perspective the Nasdaq composite index peaked in the year 2000 at 5132 points. Yesterday it closed at 2320, just under 8 years later.
If you invested $10,000 at the peak, today it would be worth $4521. Still a very bearish 55% capital loss.
Sure we’d have to question some of the valuations, but the market hasn’t started to value ‘ideas’ at over a billion – yet.
Start up lesson – your company is worth what someone is prepared to pay for it.
We often have a default thinking that we must ‘own’ something to benefit from it. Particularly when it comes to assets. The truth is more like this…
we only need access, not ownership.
We don’t need to own a Boeing 747 to fly to Sydney, New York or London. We just need a seat on it – access to it. A lot of the time it doesn’t make any sense at all to own something.
It’s just as silly to think we need to have (own) all the technical skills our startup or business requires. And here’s an example which will makes us all very excited.
Yes Skype. The founders of Skype, Zennstrom and Friis, are not programmers. They outsourced all their technical requirements to a team of coders in Estonia. They wanted fresh eyes on the project. None of the coders had telecommunications experience either. They just told them what they wanted and made it happen.
No need to discuss what happened next.