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March 15, 2012 12:30 pm GMT
It's pretty easy to write yet another post about who "won" SXSW or, if you're feeling ornery or ambitious, how there are no longer any breakout stars. But there's an important point lost in this repetitive debate.SXSW is good at producing cultural phenomena -- think apps that take off among a critical mass of digerati, who then fly home and spread these products to other parts of the country or world.But the conference doesn't have a track record yet for producing sustainable consumer Internet businesses.If previous SXSW "winners" Twitter or Foursquare had the revenue growth and the smidge of net income that's helpful for debuting on public markets, they might have been in the wave of companies that filed for an IPO in the past year.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VlF7Wk_CbNI/
Winning SXSW Has Yet To Produce A Winning Business
It's pretty easy to write yet another post about who "won" SXSW or, if you're feeling ornery or ambitious, how there are no longer any breakout stars. But there's an important point lost in this repetitive debate.SXSW is good at producing cultural phenomena -- think apps that take off among a critical mass of digerati, who then fly home and spread these products to other parts of the country or world.But the conference doesn't have a track record yet for producing sustainable consumer Internet businesses.If previous SXSW "winners" Twitter or Foursquare had the revenue growth and the smidge of net income that's helpful for debuting on public markets, they might have been in the wave of companies that filed for an IPO in the past year.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VlF7Wk_CbNI/
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