2007: The Year The Bubble Bursts?

We’re already barely a week into the New Year, and talk has begun on a number of tech blogs as to whether or not the Web 2.0 bubble – if you even want to call this a bubble – is gonna burst this year.

Please see:
Bubble, Bubble, Bubble (Tech Crunch)
Bubble, Bubble, Boil & Trouble (Mark Evans)
Forget Bubble, Try Boom (Startup Downunder)

Of course, some have noted that quite a few companies folded during the Christmas / New Year's break, and feel this is a real bad sign. I dunno. Some of these firms seemed rather copy-catish to me.

Maybe I’m a dinosaur, but whatever happened to having a great business model, a great product to offer people and raising money the ol’ fashioned way: through sales? I think things like VC funding and funding via acquisition just speaks to corporate greed, when it comes right down to it. I’m not saying money isn’t important, but why is it that C-level managers get into tech and view it as a gold rush, instead of offering end users something really unique and special first?

What I’d like to see in 2007? Start-ups offering some really useful services and products, generating revenue primarily through their sales channel, and forgetting the idea of ‘getting rich quick’. If this were to happen, there’d be no need for a tech Dead Pool. Lots of new companies would thrive at a reasonable pace, and, what’s more, people would have great jobs, feel like they are contributing to something special, and I think society would be just so much better off. Don’t ya think?

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2007: The Year The Bubble Bursts?

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