Not a literal one, but one where people just turn it all off. It could very well be a possibility that looms large on the near horizon. I sort of alluded to that fact a few years ago. I was at the time being interviewed (phone interviewed), and I stated that if you meet the person that knows everything and is an expert at everything; they are either extremely gifted or a liar. Maybe a bit of both.
The point I was trying to make to one of these recruiters was that no matter what the job specification said, there was no way that a person could know every single point on that specification. At least not well enough to jump right in.
Same goes for Web 2.0 overload. One of the more interesting things I heard today was Marshall’s SplashCast on Evoca (a Skype recording program). Marshall was praising OpenID, but was bummed that he couldn’t use it anywhere. Jeremy on the other hand didn’t really like it.
With OpenID you can log in anywhere, anytime with one login ID, one password. The concept is great, but with it you are back to the crash. How many social networks are necessary to build the internet into a viable business model? How many photo sharing programs do you really need? How many different sites that do the same thing, only branded a “little bit left or right“, do we really need?
The main article that I’m referencing goes into this and a little more. I am right now leaning towards agreement. If the money is diluted with poor VC/angel choices, the money dries up and pulls out. What will the VC’s invest in?
Other companies that are no longer centrally located as an online industry. There are plenty of companies looking for funding that have absolutely zero online interest. These would be in the bio-tech circle, clean energy, sports business, and sports entertainment area. That is my informed guess.
Technically Speaking, VC’s like playing games. Bloggers such as myself would rather see solid innovation and companies that push things ahead. I really have absolutely no interest in another photo site.
If you are a VC or angel funding person that is about to invest in one, please think again - there are others like me that are tired of seeing junk spilled online just because you have the money to let the startup put junk out there. If it is not innovative, new, or something that pushes the industry ahead; please do us all a favor and pass!
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