Lately I’ve been feeling a case of deja vu. Industry Standard is being resurrected. The umpteenth company being funded for video sharing, online video, social networking – select the focus and someone’s funding it. Here are the Top 7 Signs of the Web 2.0 Exuberance – the replay of the dot.com days?:
1. Though the valuations may be lower, it’s eery how most start-up seem to have business plans based on – advertising.
2. And if the business plan isn’t based on advertising, then the hope is … acquisition. Previously the company of choice was Microsoft, now the likely dream company is Google or maybe even Cisco.
3. High flying IPOs anyone? VMware, Compellent are just the beginning. Maybe this time, these companies have actual revenues and strong business numbers backing them. Question is, will the next ones be as financially sound?
4. During the dot.com boom and bust days, I saved money on alcohol and food with all the launch parties, cocktail events and other networking events. Now we have the LinkedIn lunch events, Ignite by O’Reilly (by the way I’ll be at the Ignite SF event on Oct. 16) and others.
5. If the answer to “What does your company do?” is Web 2.0, social networking or video, then you might be part of the Web 2.0 Exuberance. This is the new catch phrase whereas the previous hot answer was “my company is taking a brick & mortar model (remember that phrase?) to the Internet.” 5.a Your hipness factor is based on where you’re working. If you’re not doing Web 2.0 or social networking, forgetaboutit.
6. High flying companies going belly up. Not yet but TechCrunch is doing a good job with their dead pool. Takes me back to the days of f*cked company
7. VCs are hot again. Need I say more?
Give me your take. Are there other signs of the past?