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The New Brat Pack of Silicon Valley

bart_scriv writes "BusinessWeek looks at the current entrepreneurs of Web 2.0 via the lens of Kevin Rose and Digg. Although the article focuses on the rise and success of Digg, it also looks at the ethos of Web 2.0 and its successful companies, including YouTube, Del.icio.us, Facebook and Xfire. From the article: 'Clearly much has changed since 1999, and Rose and his fellow wealth punks have little in common with the sharp-talking MBAs in crisp khakis and blue button-downs who rushed the Valley as the NASDAQ climbed. In the late 1990s, entrepreneurs were the supplicants, and Sand Hill Road, dotted with venture-capital firms, was the mecca. Dot-commers relied on VCs for the millions needed to buy hardware, rent servers, hire designers, and advertise like crazy to bring in the eyeballs. For their big stakes of, say, $15 million for 20% of a company, venture capitalists received board seats, control of the management levers, and most of the equity. Now, it's more like: Maybe we'll let you throw a few bucks our way -- if you get it. Otherwise, get lost.'"

9 of 146 comments (clear)

  1. In other news by jayhawk88 · · Score: 5, Funny

    ...a bitter and angry Rob Malda told reports looking for a quote to "Get the hell off my lawn".

  2. Attention Kevin by mustafap · · Score: 5, Funny



    1992 called. They want their inflated ego back

    --
    Open Source Drum Kit, LPLC deve board - mjhdesigns.com
  3. Web 2.0 by EnsilZah · · Score: 3, Funny

    I really wish people would stop using version numbers where they don't belong...
    There really should be some sort of service that lets you order someone to smack those people upside the head, preferably with a nice AJAX interface.

  4. Re:Little in common? by swordgeek · · Score: 2, Funny

    I disagree. From all I've seen, it looks like they're wearing the same shirts and jeans they had on a decade ago.

    --

    "People who do stupid things with hazardous materials often die." -- Jim Davidson on alt.folklore.urban
  5. Re:Little in common? by CosmeticLobotamy · · Score: 2, Funny

    Yep. This Web 2.0 stuff should be called Bubble 2.0.

    Dagnabit, don't call it that! Calling it that is what popped the first bubble! If we'd called it something better, I'd be making 90k a year doing nothing right now, like back in the good ol' days. Now please, let's get it straight, it's not a bubble, it's an ever-growing mountain of potential cash if people with shameful amounts of money will just keep paying for it for a little while longer.

  6. Re:Xfire? by deviceb · · Score: 2, Funny

    and i thought i was out of the loop.. !
    oh wait.. no xfire is a boardgame where you shoot marbles at the person oposite you to make goals.

    --
    Kill your TV
  7. Re:So three anecdotes make a trend? by deviceb · · Score: 2, Funny

    whoa now, let's not get all crazy style. give them a business plan & a powerpoint presentation.. no need to waste time with actionscript!

    --
    Kill your TV
  8. Re:Little in common? by 0xdeadbeef · · Score: 2, Funny

    No no no. Bubble 2.0 BETA

  9. Re:Wow, Kevin Rose made it??? by jamsessionjay · · Score: 5, Funny

    Yeah he's got several million dollars and you've got a free t-shirt.

    Wow, he sure is lame.