Business 2.0 published an interesting article which profiles 25 internet companies “whose approaches help illuminate where the Web is headed and where the opportunities lie”. The article is available here . There are a few quotes to encourage you to read the article in detail.
“Driven by ubiquitous broadband, cheap hardware, and open-source software, the Web is mutating into a radically different beast than it has been. And that is leading to the creation of entirely new kinds of companies, new business models, and oceans of new opportunity.”
“The Next Net is deeply collaborative: People from across the planet can work together on the same task, and products or tools can be rapidly tweaked and improved by the collective wisdom of the entire online world.”
“Most striking, the Next Net creates endless possibilities for entrepreneurs and established players alike to take advantage of the Web’s new power. ““
I have been refering to the next generation of the internet as “.Net”. Perhaps, NextNet will emerge as the term that categorises this period of the internet.
Many of the companies includes in the article are startups. Many can be described as Web 2.0 companies. I do not understand how these companies will make money. When we look back in five years time, we are likely to wonder how these companies got funded. Ofcourse, there only needs to be one ‘thirty bagger’ (a thirty times investment return) to pay for the failures and provide investors with a great return.