It feels like Companies are rushing in the web space.
I am not sure if we are rushing because we are nervous of Facebook, nervous of running out of money or the pressure of being the next Twitter, Zynga or now Groupon. Groupon is running fast because of all the ‘clones’ copying him …it could also be the 19 month old $1.35 billion valuation.
Here is an interesting fact about our aging population:
Of all the people in human history who ever reached the age of 65, half are alive now. (New Scientist)
Even though we live in a very old poulation cycle, I don’t understand the rush. The last time web companies were pieced together this fast (1998-2000), things ended badly.
It feels to me that Groupon has an age old financially engineered model. They see a window, a hole, and are bursting through it with nuclear speed. It’s not anything new. They want to be public and they want to get their fast. This is the exception, not the rule.
For the rest of us, rushing will only take a little of the fun out of it. Get the product right.
Groupon believes they have the product that can go global NOW. It will be amazing to see how this one turns out.