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April 15, 2012 02:30 am GMT
There is a certain type of company that can only exist in Silicon Valley. People outside of the Valley scratch their heads at how a company with no revenue and no apparent business model can be called successful, much less be worth $1 billion.But maybe the problem is that were mis-categorizing Internet and mobile products as businesses in the first place. What if we looked at them as TV shows instead where success and failure is determined by ratings not revenue? Isnt Instagram closer to American Idol than it is to Oracle? It entertains millions of us for a few minutes every day maybe thats enough. Perhaps the Valley is pioneering a new business model, one where revenue isnt the goal but where distribution and engagement are paramount.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/b2oYJ9zRL5Y/
Its Not A Bubble, Its Valleywood
There is a certain type of company that can only exist in Silicon Valley. People outside of the Valley scratch their heads at how a company with no revenue and no apparent business model can be called successful, much less be worth $1 billion.But maybe the problem is that were mis-categorizing Internet and mobile products as businesses in the first place. What if we looked at them as TV shows instead where success and failure is determined by ratings not revenue? Isnt Instagram closer to American Idol than it is to Oracle? It entertains millions of us for a few minutes every day maybe thats enough. Perhaps the Valley is pioneering a new business model, one where revenue isnt the goal but where distribution and engagement are paramount.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/b2oYJ9zRL5Y/
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