Jokr + Suckr = Losr
A lot of Web 2.0 companies and the VCs that funded them are finding out that this is the secret formula for Web 2.0. —- and they are all surprised!! Burning up $5-10M with nothing to show for it is not the thing for another round of funding. I’m not the only one to think this. With a little company on this opinion I’m not just another cranky geek.
But seriously, isn’t it about time? Web 1.0 was mostly a bunch of fluffy e-commerce sites and web 2.0 did improve on that. Web 2.0 is/was a bunch of fluffy fluff. — that’s innovation for you!