Here's a brief but interesting article on how to spot the end of a trend. The trend in question here? Making money off blogs. One category of trend-enders:
The Gullible Latecomers: In the end stages of any investment mania, the clueless and the greedy flood in. You know things are really poised for a fall when people who have no management experience and feeble business plans somehow manage to raise cash for ventures. Ladies and gentlemen, I give you: Pajamas Media. Last November, the collection of right-wing blogs (with a few lefties thrown in for laughs) grandly announced the closing of a $3.5 million round of venture capital financing. Roger Simon, the screenwriter-turned-blogger who is the CEO of the enterprise, promised "to change the way people report and access news and commentary." I don't know. It looks to me like a bunch of blogs with their own logo.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment