In the US the point of inflexion with the internet was probably 1998/1999 and a lot of the big money was made in the 1998 – 2002 period. Prior to 1998 there were many attempts that were slow to take off.
China the inflexion point was probably later. Do not know too much about when Baidu, Sina, Shanda, Netease, Alibaba, TaoBao etc. got going
I am not sure whether we are approaching an inflexion point in India. Have we passed one or whether inflexion point thinking is relevant or not.
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Hey Sanjay,
I read your post http://www.venturewoods.org/?p=273 and we’re trying out something similar at http://www.dreamzhunt.com and the first round of receving submissions are over.
Pls let me know a way to contact you. Looks very interesting to find a like-minded pal
Cheerzzz
Manoj
@ Satpal,
When you classify my benchmarks as `optimistic’, it gives me a perspective of the levels of internet adoption in India.
My point is – No adoption, No growth.
*How long it will take to reach that mark* – depends on the compelling applications that are developed ( to drive demand ) coupled with progressive reduction in cost of system hardware ( incremental affordability, at least for the 15% of our population ).
*What to do while we wait for it* – Collaborate, Ideate and Execute !
@ Sanjay,
There sure is a build up of hype and so are casualties. But the failure rates are significantly low as many weaklings are filtered at due diligence stage. The difference in hype 2.0 that we notice is (a) revenue based valuation is the norm now instead of eyeball count (b) lower financing needs at both seed stage and series A and (c) significant reduction in startup costs owing to availability of advanced tools / SaaS apps etc.
To that extent, hopefully impact of failures will be less diabolic.