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Friday, March 25, 2011

Double digit million dollars for just born startup, what does it mean?

Million dollars for a just born startup like means a lot. The discussion about - why the fcuk they funded this much? what the hell is happening? Have the people at Sequoia gone mad? and some interesting like why the fcuk domain name is so expensive? and all such intense responses to Color's $41 million funding by Sequoia Capital and other VC firms/banks are entertaining the readers on Twitter and TechCrunch.

But behind everyone's sentiments there are some big concerns. Everyone other than Sequoia and Color is afraid of this much of money going into this tiny little startup. Some are afraid of losing their good talent, because with this much of money in bank Color can hire some of the best brains in the industry at such a early stage only. Some are afraid of an incoming trend of putting big money into the first phase only. Though it's individuals choice, you can't ignore the trend. Those who are afraid of these things, caution everyone else that bubble two is coming, might be a hidden agenda to sell web 3.0 technologies to VCs ;) . Because they say  it's the web 2.0 companies which survived the .com bubble 1 and this time it might be web 3.0 companies.

These are just questions and concerns, no one knows the reality, I doubt even the people at Sequoia Capital. Because no one is coming with convincing reason.[On update] Those who consider this deal is a okay deal, say people in digital tech industry are not comfortable with big money.

Whatever it be, but one thing is for sure we will see lot of photo sharing applications and social applications getting at least some sort funding, because now every one knows there is something big in this "photo" thing, after all a picture is worth thousand words. But still for sure search for next big thing doesn't stop here.

 And finally to the question---
Double digit million dollars for just born startup, what does it mean?
>Actually it doesn't mean anything now; the actual meaning will be revealed after scale of success or failure of the Till then it's just another funding, don't get away with it or don't get disturbed with it, focus on what you have been focusing on.         

An Update:
After reading this interview of  Color Founder Bill Nguyen, I am more clear on fact that $41 million funding is not any special event, they are worth more than this if they deliver what they say. Some of the ideas like relations fading away on digital world, a lot of data mining and other staff/people of the color are things worth more than this. Because if this succeeds and takes a good shape we will see a big change in social network space.
And in all I am now sure, it's time for web 3.0 or what is also called Semantic Web.     

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