Pssst! I've got this great
idea for a dot.com and all I need is a few
million to get it up and running. I don't
have any of the details worked out yet, but
I do have a cool name for the site! A few
years ago, this might have passed for a reasonably
well-done business plan. However, today the
realization of riches beyond your wildest
imagination takes significantly more work.
In fact, even though money continues to flow
into web start-ups at a phenomenal rate, new
forms of cottage industries are beginning
to appear that specialize in taking Internet-mogul
hopefuls from the idea stage to the mystical
IPO. Net start-up incubators and hatcheries,
venture capitalist firms, and Internet consultants
abound. Unfortunately, the writing is already
on the wall for many of the new Internet companies.
Some well known, well-financed dot.coms have
folded, significant consolidation among the
major verticals and horizontals (i.e., functionals)
is not far off, and believe it or not, it
sounds like the honeymoon between Amazon.com
and Wall Street is coming to an end. Adding
to the mounting failure rate miseries, is
the widespread lack of qualified personnel
(both technical and business analyst). The
readings associated with this topic module
are meant to provide an introduction to many
of the issues related to web start-up. We
will explore some of the realities of web
start-up and discuss some of the more innovative
approaches used by some gutsy entrepreneurs.
We will also examine some web start-up financial
strategies and observe how the cyberspace
funding game is changing.
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