1 jun 10:02p |
The irony about the dizzy predictions made by the Internet entrepreneurs before the famous 2000 crash is that they have turned out to be right! It’s all about first-mover advantage, customer acquisition and the law of increasing returns.
But now there is a big shift. Once the web-pilots were nerds, anarchists, loners and cons but now they are big businesses. Google and YouTube; News Corp and MySpace; Fairfax and RSVP. And now News adds to its stash with the acquisition of video site Photobucket, for a cool US$250m. So what will young street cred innovators turn to now for their next techno extravaganza? Think mobile, think sensors… coming to a pocket near you. . . read more