ORIGINAL ARTICLE - WSJ - James Altucher
The great FRED WILSON's response - HERE!
My humble take:
Thanks Fred - Some great 'Yang' to a load of old 'Ying' - I replied to the same article -
A great sensationalist headline maybe, but a totally flawed argument nevertheless. It isn't the internet as an investment that is dead, more a coming to terms with the fact that millions of eyeballs doesn't, on current business models, equate to big returns and that those properties have been wearing the emperor's new clothes for far too long.
The smart money will however recognize that consumer loyalty is increasingly moving online and so far the big brand advertisers haven't really found a new home yet so they can follow suit. Opportunity abounds for investors in platforms which offer that new home as they will be the delivery mechanism for all media in the future. So far on an 80/20 rule, all the big online names have built businesses which don't and won't accommodate the rich 20% because of their format. (Look at the quality of advertising as a percentage on any of the above sites.)
Some of us feel there is a chunk of money in that 20% slice which has not yet been claimed and it has ours and our investors name on it.
Jan Simmonds - Founder/ CEO at famebook
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