Get ready for another dot-com boom
DOT-COM BOOM refers to the late 1990s during which countless Internet companies were riding an enormous wave of enthusiasm that pushed their stock valuations into the stratosphere even though they never made a penny. Billions in venture capital were given to entrepreneurs with little or no experience to fund ideas that were ludicrous. It was a crazy time, and people were very excited. With all of the nonsense, many dot-coms did survive, and countless concepts and techniques were developed that continue today. That was the first version of Web and people did not call it web 1.0.
Today, the Internet is in it’s second version popularly known as web 2.0 and like the first one there are numerous sites coming up alomost everyday with there own ideas and concepts that are will ultimately result in yet another dot-com boom. This time we will call it dot-com boom 2.0.
Let us look at sites in major popular categories. Also, let us guess the ones that will probably survive and the ones that might die.
1. News & Social Bookmarking sites
With the number of people accessing the internet being more than ever, there was a need for the people to share interesting and useful things on the internet. This was one of the wat to harness the power of the online community.
There are over 90 similar sites. You can find allof them here.
2. Photo sharing sites
As people got easier access to faster internet connection, people found it easier to share and upload photos. Constant decline in the hardware costs played the role of catalyst.
The list it very long in this case also.
3. Connecting with people
With the number of people moving around growing every second, there was a strong need to find ways to keep in touch with old friends and also make new friends. Therefore, people came up with ideas like Myspace, orkut and Hi5. The porn industry is gradually taking over these sites and they will succeed one day.
4. Video Sharing
Another major web 2.0 category is web applications. With the emergence of web 2.0 there are online applications which lets you do things that you can do with word, excel, powerpoint, paint ..etc. The future of these guys is still unclear but will become clear with the start of the boom.
There are numerous such categories and numerous such web 2.0 sites in each of these categories. Again, like the first dot-com boom only the best or the ones with huge money will survive. People again forgot that starting is relatively easier than surviving the competition. If you still don’t believe that the boom will happen, then, look here at what has already started to happen.
May all you web 2.0 sites RIP.