I read an interesting post the other day on mashable about how most web 2.0 startups fail. So I thought I’d better post-up the image for everyone to see and hopefully cast your opinions. The conversation originally started with Meg Pickards post on her blog with a somewhat interesting view on the potential of social media startups in general.
She posted a great image of ALL the web 2.0 / social media startups to date that are either now extinct, still running, or have been acquired for tens of millions of dollars (they are the green circles)! I really tend to agree with Pete Cashmore in that we should all be supporting new ventures and entrepreneurs to help push our industry further and to further integrate the importance of social media and web 2.0 in every day life.
When ever a new venture launches, most are instant critics and usually you’ll be right, most people know after using an app once whether it will make it or not. But nether the less, plenty do and you can continue reading to check out the full graph here.