January 31, 2006

Last.fm Player – custom radio station

Filed under: Music,Social Networks,Web 2.0 — Administrator @ 10:12 pm

Last.fm is a great Web2.0 example – social networking, tagging, free, user generated playlist…

Last.fm is the flagship product from the team that designed the Audioscrobbler system, a music engine based on a massive collection of Music Profiles. Each music profile belongs to one person, and describes their taste in music. Last.fm uses these music profiles to make personalized recommendations, match you up with people who like similar music, and generate custom radio stations for each person

Truth be told, the Last.fm’s Player is a bit, well, weak, but, that aside, I’m really happy with the music I’m getting pushed, for example: Laura Pausini’s “Viveme”; Jurassic 5’s “Hey”; and Long Beach Dub All Stars’ “Kick Down”.

There’s a lot of talk about increasing royalty payments for streaming services – we’re not sure if this would be the best move given the weaker economics (at least, with early adopters) of web streaming v traditional radio – what we’d like to see would be some type of blanket licensing – thus allowing for numerous subscription opportunities/possibilities.

January 6, 2006

Bokee lays off 25% of its staff

Filed under: Social Networks,Web 2.0 — Administrator @ 7:15 pm

What were they doing with a headcount that high to begin with? So much for user generated content…

from Asian Private Equity News:

Bokee.com, one of China’s largest blogs, is reportedly planning to lay off one-quarter of its 400-person staff some three months after raising a $10 million second round of venture capital. For those readers who don’t recall, BlogChina (later re-named Bokee) is one of many Chinese web sites distributing illegal music, videos or pornography that have attracted U.S. venture capital. Chinese readers will recall BlogChina first gained notoriety for its controversial re-use of materials from other websites. Later, Bokee announced it had become one of China’s most popular web sites after Chinese internet pioneer MuZiMei began posting her nude photos and the supposed diaries of her sexual exploits online. When Chinese regulators told the site to cease the “Dear Pekinghouse” style columns, the Bokee moved to Japanese-style non-explicit pornography which allows it to remain one step away from Chinese regulators. No word yet on whether investors Bessemer, Mobius, Granite Global and Softbank will be able to parlay their portfolio company into a listing on the Nasdaq during 2006.

November 21, 2005

Article about Tim O’Reilly…harnessing collective intelligence

Filed under: Start-up First Aid,Web 2.0 — Administrator @ 6:16 pm

Great article about Tim O’Reilly by Steven Levy from October’s Wired.com.

Two solid points I took away from the article that every entrepreneur should keep in mind:

1) Beneath every “no” lays a “yes” that had never been broken

2) Harness collective intelligence

How will services like GoogleBase impact China’s portals and direct marketing?

Filed under: Direct Marketing,Web 2.0 — Administrator @ 4:14 pm

Follow-up to post below “Internet indispensable for young people” is Adam Green’s posting on how 2006 will be year Internet explodes , he notes:

The explosion I am talking about is the shifting of a website’s content from internal to external. Instead of a website being a “place” where data “is” and other sites “point” to, a website will be a source of data that is in many external databases, including Google. Why “go” to a website when all of its content has already been absorbed and remixed into the collective datastream.

The obvious leaders this space are del.icio.us and GoogleBase, which will evenutally make their way to China (i.e. mainstream). We’ve talked about del.icio.us before, but not GoogleBase:

Google Base is a place where you can add all types of information that we’ll host and make searchable online. You can describe any item you post with attributes, which will help people find it when they search Google Base.

I wonder how this will impact the traffic flow to China’s Internet portals where “entertainment” (e.g. gaming, MP3) is a key driver of traffic and not news and information as it is in the US or Europe? MP3 can definitely get distributed by RSS, but you can’t do that with gaming…

I do think this will have a major impact — though, perhaps not an explosion — on China’s advertising industry, specifically on the direct marketing side of the equation; my money’s on the company that can: (1) build the deepest/richest user database; and (2) aggregate information from other websites and leveraging this data to generate dynamics adverts.

Come to think about this sounds a lot like Matrix meets the Truman show

Amazon is tagging

Filed under: Marketing,Web 2.0 — Administrator @ 3:22 pm


I was searching for Tom Clancy’s new “novel” from his Jack Ryan series when I realized that Amazon has updated their platform to incorporate tags.

Amazon calls tagging “CAPs”

November 7, 2005

Video gets Flickr’d…BIG TIME!

Filed under: Podcasting,Social Networks,Video/Film,Web 2.0 — Administrator @ 6:32 pm

This weekend, I was listening to last week’s Microsoft Live Windows press conference and somehow ended up playing around with Google Video… then it occurred to me that there must be a website that maps Flickr’s functionality to videos

…and so I started digging and came up with a lot of these sites, here are some of them:

Clickshack.com
gabbr.com
blip.tv
Castpost.com

I also read on Flickr’s blog that they will be adding video capabilities in the near future…

I am wondering how these sites will differentiate themselves from one another? Features? Community? Branding? Content? All these answers are so generic and yet spot on…

You know what? This started out as a platform play but it is quickly shaping up to be a drag race

October 26, 2005

Brand building through independent blogs…

Filed under: Marketing,Web 2.0 — Administrator @ 8:36 am

The New York Times published an article by Tania Ralli entitled, “Brand Blogs Capture…” that talks to the growing number of bloggers developing blogs dedicated exclusively to their favorite brands.

Tania writes, “according to a survey released this spring by Yankelovich, a marketing firm based in Chapel Hill, N.C., a third of all consumers would prefer to receive product information from friends and specialists rather than from advertising.” This makes a lot of sense, in fact there are a number of new search engines embracing this “peer ratings” such as wink.com and Kaboogle.com

One popular “brand blog” is Starbucks Gossip, maintained by Jim Romenesko, an independent blogger…

Jim Romenesko's Starbuck blog

Some other popular blogs are:

Barq root beer
Trader Joe’s
Walt Disney
Gatorade

Of course, there are some fake branding sites, such as Wrigley’s Juicy Fruit Gum Blog (a Flash-based site that has nothing to do with blogging other than the word appears on the site)…but all in all…(and given the lack of branding in China)…I think there is a potential business model here for a blogging community to build on…

Whereas blog communities such as Weblogs Inc focus on developing a variety of general topic blogs, perhaps the model in China should be to focus on building a community of brand blogs…

In fact, this is something we would be interested in co-developing with the right team…so if you want to be a “brand ambassador” contact us at yvc at our website’s name.

October 25, 2005

My invite to FilmLoop finally arrived today…nice to have…not critical to everyday life…

Filed under: Video/Film,Web 2.0 — Administrator @ 3:32 pm

filmloop, originally uploaded by japaninsider.

 

This morning, I was greeted with a pleasant surprise in my mailbox…after 3 months of waiting I finally received my FilmLoop.com invitation. I downloaded the app with great anticipation…started playing around with it…and now I’m thinking…is it a glorified screen saver, more gear on my desktop, or are there real business applications for this syndication tool…

So what is Filmloop? Good question…here’s how the company describes it:

FilmLoop is free software that gives you the power to create new loops or join existing ones. Loops are strings of images that move across your desktop. A loop can contain photos of your family’s latest vacation, images of the latest happenings around the world, or pictures that link to the latest properties in your local real estate market. And, changes to a loop automatically update on the desktops of everyone in your loop, whether it’s two, ten, or a million people.

Here is an example of what a loop looks like — the loop can either sit on top of your bottom navigation bar or can be resized/repositioned anywhere else on the desktop:

FilmLoop

First, this is thing to note FilmLoop is in beta (aka, “hey we are finished, but in case of SNAFUs…not our fault!”); Seond, the app is really slow and crashed on me seven times; Third, there are some nice photos, and I’m definitely looking forward to seeing what combination members come up with; Fourth, I’m too busy to watch photos shuffle along my monitor so I don’t think I’ll be using it for pleasure; and Finally, I do think there are business applications for this, specifically building off real-time updates (via RSS, etc infrastructure) that can be pushed to both mobile and pc platforms. Some ideas are:

a) e-commerce applications that are time sensitive, such as coupons, flier, shopping offers, ebay; these can change based on the day, time, or prior activity of consumer (e.g. you just bought dog food, her is a coupon for a pooper scooper);

b) collaboration between businesses, such as documents, presentation, product samples (e.g. manufacturing), or bios

c) event planning, such as, venue changes, driving instructions, etc

d) news and weather reports

e) computer and software vendors pushing drivers and updated product information

and the list goes on…so the question is…is this application simply enough to make all these changes on the fly and/or are there alternative channels to the above…I’m sure there are…

and so…maybe FilmLoop is just entertainment after all…

October 22, 2005

Flock browser just released…sort of cool but is there a need for yet another borwser, even a Web2.0 browser?

Filed under: Web 2.0 — Administrator @ 4:17 pm

Web2.0 now has its own browser called Flock. One neat feature is Flock allows users to blog from the browser. In fact, I’m writing this post from Flock. Here is the “official” description of Flock:

Flock is based on the open source Mozilla code base. All of our modifications to Mozilla code are released under the MPL, GPL and LGPL licenses. 100% of the Flock-created code to date is released under the GPL license. Going forward, we may incorporate some proprietary code from partners, or even created in-house, but our plan is for the vast majority if not all of our code to be open source for the foreseeable future.

I’ll play around with it a bit more before I pass judgement, but so far Flock seems a bit slower than Firefox…and speed is the most important thing for me…it is nice to be able to sync to del.icio.us and blog on the fly…but I don’t know if I’m going to switch from Firefox and IE.

October 21, 2005

SMALL is back in the US…and “potatoes” are hot in China

Filed under: Start-up First Aid,Video/Film,Web 2.0 — Administrator @ 2:58 pm

I was working for a hedge fund in New York City in 1998 when the theGlobe.com (TGLO) listed on NASDAQ and posted a record-setting 600 per cent first-day-gain…

…I also remember watching CNBC interview the two teenage co-founders and laughing my ass off with the reset of the world…as everyone tried to figure out what the hell the company’s business model was…

…later that week, after theGlobe’s listing, I understood that theGlobe’s value proposition was not a 360 degree business but rather it was a feature, a single service, a revenue stream…at the period in history it was apparent the Street was willing to pay a premium for a feature…not business…and so, in a word, the trend was to invest in “SMALL”

We all know what happened next…by 2001/2002 SMALL was out and BIG was back…so why talk about it now? Is SMALL back?

Funny enough…I think it is…and this time around, at least in the US, I think we are starting to see that SMALL has a bit of bite to it…that SMALL has substance beyond the first day bounce…for example, Flickr and Weblogs Inc have shown that a rich community, relevant technology (no bells and whistles), and a clean UI = BANK!

Jeff Jarvis coined the phrase, “Small is the new big” back on June 6, 2005. Jeff writes:

I wondered whether small was just a trend or a new organizing principle for the business world. I now think it could be the latter. Small won’t replace big, of course, but small will add up to considerable new competition. And that is because small can now succeed. The economies of scale must compete with the economies of small.

Based on the number of business plans I receive each week…the trend is definitely favoring SMALL…the problem is China-based entrepreneurs are not getting it…they are making the same mistakes as their pals in the late 1990s and early 2000s did in the United States and Europe. I’m seeing feature after feature after feature but what I want to see are features backstopped not only by a sustainable business model, but a vision and a technology/business road map.

For example, there is a company that has developed “the next generation” mobile browser targeted at local handset manufacturers. The game plan is to preload the browser at the manufacturer level (i.e. sell software license to OEMs) and then…

…but very few can give you an answer for the “and then…”

The theme “SMALL is the new big” is definitely the predominant trend in Web2.0 companies…in China, I’m seeing a lot of “one hit wonders” looking to cash in on “community” and “digital sharing”…but what these guys are overlooking is a defensible business model…

…for example, it might be nice to have the ability to resize your photo online and perhaps print it out…but I could do this five-years ago…what I really want answers to are questions like:

1. Why are people going to make your site their home, their one destination? Howare you going to maintain your competitive edge?
2. How are you going to make money beyond printing photos?
3. What does your technology platform look like? How does it improve upon what is out there already? What do your customers think of the UI? How are you going to evolve the UI over time as you add new features? What does your roadmap look like? How do you plan on getting creative with RSS feeds, tagging, etc?
4. What demographics are you targetting and how does your customer acquistion strategy play into this? Does anyone on your team have interactive marketing experience?
5. How do you plan on spending my money? Why are you spending money on these things?

There is at least one China based company attempting to live up to its SMALL pedigree and it is called Toodou.com (which means “potato” in Chinese). Tooduo is China’s leading podcasting site founded by Gary Wang. Today, the New York Times ran an Op-Ed piece by columnist Thomas Friedman about Tooduo…we can’t show the whole article but here is a peek:

“We already have 13,000 channels on our site and about 5,000 of them are updated regularly,” said Gary Wang, 32, the Fuzhou-born and U.S.- and French-educated Chinese engineer who founded Toodou. Any Chinese can create his or her own channel of video or audio content on Toodou (which means “potato”), and other individuals sign up to get that channel’s new uploads. Eventually Toodou will charge a monthly subscription fee. “I want to create hundreds of thousands of different channels, maintained by just average people, where other people can access them and download the material,” Mr. Wang added. There are almost no barriers to entry.

Toodou’s goal, Mr. Wang said, “will be to connect [Chinese] people to their tastes and to their potential collaborators. We will have a huge content database, and we will share the revenue with content providers.” Mr. Wang first heard of podcasting only 13 months ago. Today he has the most popular podcasting site in China, with 100,000 registered users, 8 employees, 40 volunteers and a U.S. venture-capital backer.

As one reader noted, there are a host of regulatory issues that Toodou will face if it decides to experiment beyond entertainment…it will certainly be interesting to not only watch Wang navigate those implied landmines but also watch Toodou’s investors position the company for an exit.

Throughout it all, one thing we must keep in mind is that Web 2.0 is simply the collaboration and synchronization of open source platforms offering various services and functionalities; the very nature of these platforms allow users to hack, mash, customize and expand their utility in directions that might not have been the intentions of the developers of these applications. In a sense we are talking about a paradigm shift…this is an opportunity to reboot the way companies, users and developers interact and communicate…maybe this is the fourth dimension?

October 17, 2005

Why Flickr makes sense…

Filed under: Social Networks,Video/Film,Web 2.0 — Administrator @ 6:27 pm

I’m late to the party, but I just started messing around with digital photo sharing site, Flickr.com, a month ago. Shame on me, I know! For those of us isolated in China who missed Flickr here is an overview of the company:

Launched in 2002, Flickr has grown along with digital camera sales and has helped popularize tagging. Named “Breakout of the Year” at the 2005 Webby Awards, the community now numbers 37 million photos and 1.2 million members, many of whom are considered to be among the web’s most creative image makers.

In March 2005, Yahoo purchased Flickr for US$25 – 30 million. Obviously, this is old news, so why dredge it up from the depths of Internet past? Good question!

The answer can be summed up in one word: DEMAND

Until very recently, there was no demand for Flickr in China, however, Bokee’s US$10 million funding changed all of that; and now, blogging, Web2.0, RSS, tagging, Wiki, etc are terms even Central Party officials recognize. Soon to follow will be hundreds of ventures claiming to be Flickr with Chinese characteristics – I already have a dedicated Flickr Thunderbird folder.

In anticipation for this event I thought it worthwhile to chat with some of Silicon Valley’s top venture capital funds and bloggers and ask them to share with us the reason Yahoo purchased Flickr. Thanks to everyone who replied.

Brad Feld from Mobius Ventures:

Why did Yahoo purchase Flickr?

1. The technology – while not hugely complex – was implemented really well and had a lot of very happy users.
2. The user adoption was incredible and growing very quickly.
3. The price was relatively inexpensive (around $25m – $30m) for something Yahoo felt it needed.

Basically, it is all about the community, technology player a very minor role, yes?

Yup – there are loads of [companies developing similar photo sharing technology] out there. The thing Flickr did was create a huge and rapidly growing community

Rob Scobles, Technical Evangelist, Microsoft

Why did Yahoo purchase Flickr?

For me, Flickr’s interface (tagging) and RSS integration were way ahead of anyone else, but really it was the community that made it impressive. Community is important. It’s why eBay is a huge business today

Takeaway: Scale that community, or bail!

October 16, 2005

TiddlyWiki…ditch your old school notebooks the future is now!

Filed under: Web 2.0 — Administrator @ 5:17 pm

TiddlyWiki?! Well, that is what I thought too after Ed Sim, Dawntreader, noted this solution on his website…for the past week I have been hacking around with this open source dynamic notebook and its so much fun…

…TiddlyWiki, in simple terms…er…imagine if you were to write down all your ideas, notes, etc on flash cards…making sure to color code all related information and ideas…once you’ve got all your data on the cards…you wave your magic wand over the deck of cards, and thus enchanting them so each card referencing similar information (and/or ideas) would be linked…therefore when you read any card for the deck all the associated cards would magically move to the top of the stack…

TiddlyWiki’s founder, Jeremy Ruston, explains the technology:

It’s written in HTML, CSS and JavaScript to run on any modern browser without needing any ServerSide logic. It allows anyone to create personal SelfContained hypertext documents that can be posted to any WebServer, sent by email or kept on a USB thumb drive to make a WikiOnAStick.

There are a couple English language versions of TiddlyWiki, I’m using Jonny LeRoy’s version, but there is also a Chinese language version

TiddlyWiki is confusing at first, but give yourself thirty minutes to go through the tutorial and you’ll quickly unerstand how powerful this very simple, protable and flexible solution truly is…

Euicho.com lists some of the things you can do with the platfrom:

* It works great as a documentation manager
* It can store little bits of information, reminders, and notes
* It makes a great FAQ page.
* Turn it into a todo list, with items as tiddlers.
* Some use it as a blog.
* Some use it as a website.
* Make it your own personal dictionary/encyclopedia.

October 14, 2005

Bubble 2.0 or Web 2.0?

Filed under: Web 2.0 — Administrator @ 9:38 am

More on Web 2.0 from USAToday’s Kevin Maney – Web 2.0 conference/hype reminds me of the “IandI conferences” in Hong Kong from 1999 to 2001.

“Kind of like Nixon in ’68. Or an REO Speedwagon reunion tour. Gives you a bit of an uneasy feeling. The industry is still tingling from the loud and sweaty Bubble 2.0 — whoops, excuse me, Web 2.0 — conference here late last week.”

Kevin makes the point that Chinese companies are still stuck in Web 1.0 and thus are measured against a different yard stick…

“China, which is still in Web 1.0, it can play by Web 1.0 financial rules and have a huge IPO despite shaky business logic.”

I hate to agree with Kevin but I have to agree with Kevin…

October 11, 2005

Gada.be: mobile search will never be the same again…

Filed under: Social Networks,Web 2.0,Wireless — Administrator @ 3:56 pm

We’ve been supporting a company called YDC Tech for the past year — the group has developed a search engine specifically targeting quarries in Chinese — the technology incorporates algorithms used in genome sequencing. So when a new search technology hits the air waves it peaks our interest

This morning, a new tag meta-search engine called gada.be was launched in Seattle; the two guys behind it are Chris Pirillo and Shayne Sweeney. The technology allows you to search for stuff by either going to gada.be or typing in your search quarry into that white address box in browser; for example, want to find “Chinese dog food” — simply enter the following http://chinese-dog-food.gada.be

The way gada works is by cruising lots of different sites such as Google, Flickr, Yahoo!, etc and collecting all relevant information in a permanent URL; and so becomes a comprehensive result set for a tag link. Gada also outputs search results in RSS and OPML, allowing users to easily subscribe to and organize searches. Founder, Chris Pirillo, talks below about how this is perfect for mobile search:

“It was borne out of several frustrations. If you’ve ever tried to visit a Web site over a mobile device, you know it’s a pain in the knuckle. The domain had to be simple to key-in from anywhere. gada.be is 4232.2233 on most cell phones and PSPs. Normally, when you want to find something online, you have to choose a Web site (wait for the page to load) enter the query (wait for the second page to load) then see results from that provider. With “gada.be,” you insert the query *AS* the subdomain!”

I just want highlight this tagging thing…it has been around for a while however it has only caught on over the last couple of years…I think the best hope for a semantic web will come as a function of tagging. In the US, there is a company called del.icio.us that has been around for 2.5 years, Union Square Ventures recently seeded the company, and is at the forefront of tagging.

Back to Mobile Search: …in China we already have a couple, such as start-up Cgogo.com, which offers mobile search to China Unicom and China Mobile. Cgogo claims its technology uses “fuzzy search and concept clusters rank algorithms”, grouping results in “concepts.” I’ve used Cgogo a couple times and, to be honest, it doesn’t work very well…

Another mobile search service is called Guanxi which is based in Shanghai. It is an okay service, however their database is limited to restaurants, clubs and entertainment venues only in Shanghai — sort of narrow. Guanxi is a service provided by a company called Mailman, which is one of several postcard distributors in town. I understand they are looking for angels to help them expand this service nationwide in 2006…

October 10, 2005

Yahoo launches podcast site…Chinesepod.com top site

Filed under: Education,Podcasting,Web 2.0 — Administrator @ 7:22 pm

Yahoo brings podcasting mainstream…and to be honest, it looks quite functional

If you want to listen to podtech’s interview with Yahoo Podcast product director, Geoff Ralston click here…it is worth a quick listen…

Interestingly enough…one of the top three most popular postcasts is ChinesePod.com, which provides free daily podcasts teaching people to speak Chinese…

October 8, 2005

How do we value a blog site?

Filed under: blog,Podcasting,Web 2.0 — Administrator @ 11:03 pm

…I was thinking back to 1998 when my friend Frank Yu and I started our very first blog community called AsiaInsider.com…the idea was to build a network of localized news aggregators (e.g., JapanInsider.com, ChinaInsider.com, etc)…the value add being our “personal perspectives and insights”…

…this was just before RSS/XML was common place…and since neither Frank nor I were smart enough to program a solution to aggregate the news stories for us we did this manually…this was a lot of work and in the end an unsustainable and unprofitable model…and so, sadly, we closed down our Insider.com empire in 2000 and melted back into society…

…only to reemerge five-years later…rubbing ours eyes and wondering what is so different today then yesterday? Is there a new revenue model? Did people get smarter? Are more interesting things happening in the world? Did technology make a quantum leap? Maybe the answer is both…”all of the above” and “none of the above”.

…why guess when we have cold hard data to look at…thanks to a recent Technorati and PR firm Edelman blog survey conducted a couple months ago and given to bloggers…

…the results are interesting, here are the highlights: (1) Less than 5% of bloggers are in the game to make money; (2) the main driver for blogging is that these guys want to either record their thoughts or gain “viability as an authority” in their field; and (3) more than 70% would like product sample given to them from companies so that they have the opportunity to evaluate the products and report their findings on their blogs…

…to be honest, this isn’t all that surprising since early adopters of blogs tend to be professionals with full-time jobs, industry knowledge leaders, and/or university students…so I guess the question is, “how the hell is anyone going to make money investing in a blog?” There might be a model is charging companies to offer their products to bloggers for their review (sort of a quasi advertising model); of course, there are drawbacks and limitation (don’t shot me, I was just giving a suggestion)…

…In the past couple days/months we’ve seen high profile acquisitions/investments, such as AOL’s purchase of two-year old Weblogs Inc for somewhere between US$25m and US$40m. Closer to home we saw four venture capital funds (two with limited China exposure), Granite Global, Mobius, SAIF and Bessemer, invest US$10m on a (rumoured) US$20m pre-money valuation in Beijing-based Bokee.com (formerly BlogChina)…

…I bring all this up because I’m looking at this space now and wondering how best to make money and how best to value these companies?

…On the rev side I think Weblogs Inc has an interesting model, but I also think you can look at vertical sites that incorporate vitural communities and “web-ucation” (okay, e-learning)…I don’t know if we are ready for downloading ringtones from RSS feeds, but maybe?

…On the valuation side…well..before I get all Graham and Dodd on you…I want to point to a quick study that Tristan Louis did on the back of theTime Warner/AOL Weblogs deal. Tristan looks at the value of the AOL-Weblogs deal as a function of the number of links to each blog in the network–a proxy for the conversation–as opposed to the raw traffic (a sort of PageRank vs. pageview valuation)…if you work through all the math you get Time Warner paying about US$600 per link…

…Again, an intersting valuation approach, especially if you pair it up with a fundamental look at the companies bits and pieces, such as revenue, earning, pageviews, management and growth…anyhow, I just trying to figure out how not to pay 10x something when I’m trying to exit on 10x something…

October 6, 2005

Some clarity on what the heck Web 2.0 is would be nice…

Filed under: Web 2.0 — Administrator @ 6:21 pm

…Checkout Emily Chang’s eHub which is an updated list of Web 2.0 web applications, services, resources, blogs or sites with a focus on next generation web, social software, blogging, Ajax, Ruby on Rails, location mapping, open source, folksonomy, design and digital media sharing…

…and for those of you still trying to figure out what the heck Web 2.0 is all about, I’ve ripped Stephen Bryant’s (Publish.com) cheat sheet of Tim O’Reilly’s “What is Web 2.0,” principles and practices:

(1) Web 2.0 applications use customers and their data to reach out to the entire Web, not just the biggest centers of activity. In a sense, this is an extension of Searls’ and Weinberger’s World of Ends.

(2) Web 2.0 services get better the more people use them. Apps like Bittorrent turn users into servers, thereby amplifying download times. For a meatspace example, consider a grocery store that got bigger the more people walked through the front doors, or cars that drove better the more cars there were on the road.

(3) Web 2.0 apps experiment in trust. You have to trust your users; they will give you the keys to market dominance.

(4) Web 2.0 winners are the owners of data. O’Reilly points to mapping data companies NavTeq and TeleAtlas as the primary beneficiaries of MapQuest’s tools.

(5) Web 2.0 means the end of the software release cycle. Internet software requires constant care and rapid development.

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