Just in time for Friday, the 9rules bloggers have posted an interesting take on the valuations of Web 2.0 companies.
Also, Paul Graham writes his take on the Kiko affair. In my initial post, I mentioned that starting with less capital can be an advantage. Graham indicates that this is true even in failure. By keeping expenditures low, Kiko's founders may be able to recoup all of their investment and move on to the next project without too much hassle. So at the very least it looks like Web 2.0's inevitable failures will be a lot less painful than the Web 1.0 kind. There's probably some fancy observation to be made about the economy's continued evolution toward greater efficiency, eh?
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