You know I have a pet peeve with ‘businesses’ where the metric of success doesn’t start with a $. Perhaps Web 2.0 will end the same way as the ‘first version’ – a huge shake-out wiping places with funny names off the web because they simply weren’t sustainable.
Though, I believe now is different for 1 major reason – $$$. Or more precisely – $. The amount of money, time, energy, effort to maintain a modestly successful (or even not at all successful) project is small. Miniscule. Be-your-own-VC-small.
Add a little ad-revenue atop (not my preferred method, but it works for others I know) that and expenses are covered. Actually transform ‘users’ into customers – priceless. And well positioned for sunnier times. Fun-damentals.