It's better to burn out
Than to fade away
My my, hey hey....Neil Young
My my, hey hey....Neil Young
Watching Groupon's IPO and with Zynga waiting on deck, I wonder...are we seeing a new business ?? Do fads and online businesses come and go quicker on the Net?
I still think Groupon will go down as the company that generated $1b faster than any company and will also go bankrupt quicker than any company to generate $1b.
Starting a website business requires very little capital but can start generating revenues immediately. A great idea/site can spread rapidly producing staggering revenue growth..but for how long?
Looking at Groupon's financials and most recently Zynga's, the two next Internet "blockbusters", I am wondering if the viral effect of the Net that caused their meteoric rise, will also kill them too. Their growth would have taken years for a pre-Internet company.
Do fads come and go faster on the Net?
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