1. I see the world business environment will have some
significant change in the near future, let's say the
next 10-20 years. Now and before, corporate provids
almost all services we may need, left few for
individuals like prostitution/tutor/coach etc. Banks,
pharma etc covers all what we need. The reason I
believe is very simple: trust-worth or credibility,
from individual's perspective as well as from
goverment's (though I am not a history expert) .Along
the time, those corporations growing bigger and
bigger. Today, they are Mega companies so suddently it
doesn't make much sense for them to serve needs below
certain level. A new drug with $1M annual sales may
not be attractive for to acquire. That's why we
need , Craigslit and why they are so successful.
Then comes those Peer-to-Peer bank like Zembra.
Because of Internet, the cost for individuals to
offfer services for peers had been significantly
lowered. I see more and more service platform will
emerge to help individuals to offer services for
individuals... This is one trend.
2. the expanded definition of resource. Human is just
as iron/oil. Offshore Outsourcing is clear an example following this trend.
but what else can we done? Social tagging is one in this trend. I always believe
that human brain has advantages computer brain will never in par with. Americans are
obsessed with technology drive model since human resource is just too expensive there.
This theory should not be blindly adopted in developing countries like India,China, Brazil etc
with enough human brain to leverage.
3. An alternate P/E fund as the vehicle. Acquire Tier
2 or 3 websites with reasonable traffic or cash flow.
Consolidate hardware/network to save large cost. Cross
linking/promoting each other to benefit. To offer a
vest plan for the founders to exit that tied with the
performance of their website after acquired by the
fund. What does P/E like blackstone do? find
undervalued asset then refine/adjust/polish to
increase value. Same thing here. Same philosophy but
for web industry. We do acquisition. We also do
investment/incubation directly. For example, Highland
invested in a start-up called Clubmom.com in US. why
not we do the same in ? or IndianMom.com for
indian immigration in US? With existing/acquired
website, the time to build early traffic/user base is
much short. The investment on server/bandwidth is much
less by sharing with others. The backoffice cost like
HR/Accounting is much less too. MINT sucks because
their shared HR/Accounting has very limited
investment, no hardware share between portfolios
Again, back to Bazaarvoice.com. Every commordity
should/could be monetized by a hosting service. For
web venture, everything except the idea is a commodity.