So the season’s seen quite a few tech conferences, but the more recent tech conferences like Demo and TechCrunch 50, apart from lacking sufficient press coverage, also seemed to lack in ideas that entire businesses could be built on.
On a close evaluation of the situation, a number of possibilities crop up, to reason this out. For example, a lot of the startups — many of them in the Web 2.0 arena — were just not that exciting, so it has probably put these off the burner for sometime. The other reason of course is that many of the interesting products, services that were on launch in these forums were more of features, on which entire businesses could not be built on. Who knows, maybe it’s for getting a quick exit with a larger company?
“These are weird economic times,” Jerry Michalski, an independent tech consultant said in an interview with MarketWatch. “Both fantastic: low cost of entry, tons of experimentation, all this connectivity, new power browsers – and difficult: no IPO market, acquisitions slower than you’d expect, monetization still thorny.” So, the tech market has become ever so unorganised than before.
Adeo Ressi, the founder of The Funded, a Web site for entrepreneurs to share information about venture capitalists, believes that many companies in the social media area will become really big in several years. That’s hopeful thinking, but from the vigour and passion these startups have, there’s every reason for him to think so.
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