Will there be another dotcom bust?
Many people believe that the markets follow a 10 year (8 to 11 years to be exact (sic)) cycle… Internet as a business had seen the bust in the late 90’s – 2K. This means, it is about time that the bust reoccurs. The last few years have seen a rapid expansion of the Internet, especially what we call the web 2.0 explosion with Social Media riding the wave. Most of the new age Internet businesses have come to life with Venture Capital funding, and low on strong revenue model. I am not sure of the numbers – but almost all of them are not making any profits… so how long will the good times last? As the business cycle model goes after every expansion comes crisis. In today’s world all the publisher (especially the online social media companies) are vying for the limited time a person has on hand… It is today more about share of clock, than share of wallet they are after. For every MySpace – you have Orkut, FaceBook, Hi5, and many more… What is happening is that the time spent by the user onl