Web2.0 and crisis… October 13, 2008
Posted by Phil Jeudy in Web.Tags: crisis, ebay, Martin Varsavsky, Pierre Omidyar, Saul Klein, Web 2.0, web2.0 europe berlin ignite o'reilly
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Crisis, crisis… we live in a world faster than ever. Communication runs fast, rumours go fast… But crisis, what crisis?!
Strategy and Business Models… Marketing and Community… Design & User Experience… Development… Video… Mobile… Results ranking… Profiling… Advertising… It’s all the beginning, and we all know that!
This line is the Net Profit of a company founded in 1995 by Pierre Omidyar. 13 years but was about the others? They’re making their own way, and it takes time.
I discussed today with a young entrepreneur. There is still a lot of things to learn from how tracking audience, traffic issues, profiling changes, … This is was part of his analysis of Internet business actually. It’s not a new thing.
Just come to Web2.0 in Berlin and learn about best up to date practices. Come and listen some investors like Saul Klein, visionary entrepreneurs like Martin Varsavsky or Rafi Haladjian. Be inspired, feel inspired and leave bankers, politics care about coming regulations. Forget entrepreneurs with their business model, unless you’re on the Board or shareholder, it’s not your problem.
And please stop about crisis. Let’s work still, and make it big.
My point? We know the situation, we knew about the situation, “subprime” or not. That’s it!
Read this.
http://www.alleyinsider.com/2008/12/startup-advice-how-to-make-the-collapse-work-for-you
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I believe this “crisis” could affect web companies in different ways depending on how they make money
* If you have a D2C business model (and charge your customers) there’s no particular real reason you should worry
* if you have a B2B model, you’re depending on the global situation & wether your customers stop investing or not. and for how long
* if you rely on advertising, then some anticipation will be needed
* if you don’t have any business model, you have a problem because VC money will not flow like Niagara Falls anymore.
But if don’t have any business model, you’re not really a company…
Anyhow, this will be a fabulous excuse for lay-offs (called “anticipation”, or “focus”) with sorry faces.
But don’t expect CEOs to stop travelling, attending 2K$ conferences, have dinner in expensive restaurants.
That doesn’t come from the same budget….
So my (free) advice for survival in the next period : make money from CEOs spendings