Posted by admin

More than 870 million dollars were poured into web2.0 startups in 2006. By 2010, one billion internet users, or roughly 16% of the world’s population will be sharing the World Wide Web. This means massive profitability potential against a business model that traditionally enjoys relatively low operational costs. However, lucrative profit margins alone tend not to wet the appetites of most savvy venture capitalists; it’s that big ticket acquisition that makes all the hard work worth while. It’s the reminder that a small group of web-savvy individuals built a video site that was purchased for 1.65 billion dollars. It’s the reminder that YouTube generated explosive success, and in time they might too.

Share This