John Daly and Charles Barkley’s Big Boob (Secrets of TechCrunch and the Web 2.0 Bubble)
John Daly came out and said he’d lost between 50-60 million on Gambling. Barkley later confessed he’d lost around 10 million dollars. You might ask yourself what the hell this has to do with the Web 2.0 and its really very simple.
Venture Capitalist of the original era of the Internet have the same problem that the Web 2.0 Venture Capitalists have. They love to gamble. So does Charles Barkley. So does John Daly. But when is it so bad that you have a problem. I think the Venture Capitalists have a problem. I however don’t think Google has a buying problem yet. Neither does Yahoo. MSN obviously doesn’t either.
Shocking headline of 2007 (after the big web 2.0 venture capital bubble pops):
Venture Capitalists lost 100 Billion on Web 2.0
It could happen and this is why I say let’s stay far far away from Venture Capital. Chris Pearson and I are getting ready to launch out a new project. It’s very web 2.0 and should have a lot of traction in the real world and the web world. The Web 3.0 (or what the Web 2.0 has done wrong) is going to be a small yet bright movement of people who learn from the blunder of trying to snag as much cash from Venture Capitalists as possible. It’s also going to be about learning from mistakes. Let’s talk about a huge mistake Michael Arrington made.
Edgeio Vs TechCrunch
Michael Arrington should have been blogging about Garage Sales,Craigslist, and changing the way people sell online. He shouldn’t have been blogging about Web 2.0. He should have never started a site that tracked all that’s happening in Web 2.0 unless he was going to be starting a venture, a business, or somehow manages to find a way to fulfill his audience. Otherwise all he’s left with is a huge bust. Yes I’m accusing/predicting that TechCrunch could go the way of Pets.com. Well sortof. I’m just saying that Mike Arrington could find a lot more fulfilment if he had used his blog to develop his brand. Instead of creating a brand around something unrelated to his true passions. That is unless Web 2.0 lasts forever and his audience doesnt get bored with all the hyping. ( I could be wrong)
Here’s a huge lesson: Make your blog your brand.
Don’t make the mistake of creating a blog that’s outside of your main product. Your product should be you. Liz has been beating this drum for a long time. .



