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The Internet
Posted 06-24-2009 at 11:01 PM by Soultrader
The internet is evolving at such a rapid rate that entry into this industry is becoming harder. Technology costs and marketing costs have risen. It seems like most major sites are now operating with sufficient capital with multiple shareholders.
As a result, the cost of entry into this industry has increased and websites are competing for every edge and recognition they can obtain.
Alot of the net is pure hype still... websites that report net losses still seem to attract enough publicity to obtain further financing. It seems like everyone is getting swallowed into the hype... using applications and tools that is useless to them but do so because everyone else is involved. One such app in my opinion is Twitter. I have yet to understand why such there is so much hype regarding one line comments on what you are doing today. The more I explore the net industry, the more I realize luck is a part of this game.
As a result, the cost of entry into this industry has increased and websites are competing for every edge and recognition they can obtain.
Alot of the net is pure hype still... websites that report net losses still seem to attract enough publicity to obtain further financing. It seems like everyone is getting swallowed into the hype... using applications and tools that is useless to them but do so because everyone else is involved. One such app in my opinion is Twitter. I have yet to understand why such there is so much hype regarding one line comments on what you are doing today. The more I explore the net industry, the more I realize luck is a part of this game.
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