In February, a spat between Michael Arrington of TechCrunch and Glenn Kelman of Redfin re-ignited the age-old debate of whether it is better to launch a start-up in Silicon Valley or whether physical location matters in the Internet age.
The next generation of web services and applications will marry two seemingly separate entities - quality and quantity. Historically, knowledge and information have either come in trickles of quality or a barrage of nonsense. Attaining the synergistic point where quality and quantity can both be united is the ultimate ambition.
Web 2.0 is sexy. Making money on the Internet isn’t. The majority of web 2.0 initiatives fail to turn a profit. Their existence is dependent upon funding or passion. The true money-makers of the Internet are businesses that people don’t talk about.
The Craigslist site is as simple as it gets. Literally, it can’t get any simpler. Strategically-placed links form the underlying interface. Having said that, it is by far the most dominant classified ad site on the net. With such a simple offering and total domination, how is anyone supposed to compete?
Yesterday, the fate of Cambrian House was sealed. After raising over $7 million, the Canadian crowdsourcing firm shut its doors after an unsuccessful attempt at a new round of financing. So what gave? Was it a lack of focus or poor management? Or was the model doomed to fail in the first place?
Aidan Henry is an Internet strategy consultant, designer, and web entrepreneur.
aidanhenry (@) hotmail.com
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