Pop! Crunching Web 2.0 Bubbles
In a hilarious post (okay, so I have an odd sense of humor) over on Domain Name Wire, Andrew makes some pithy observations on Web 2.0 trends. It seems that some TechCrunch faithful were irritated that a post appeared on the TechCrunch site about Moniker (a domain name reseller) being purchased by Oversee.net for $65M - saying Moniker was not Web 2.0ish enough to be covered on TechCrunch.
“Only domainers even know about this Web 1.0 company. How is this Web 2.0 news?â€
In Andrew’s words:
“You know buddy, you’re right. Moniker is a web 1.0 company. Here’s how it’s different from a web 2.0 company:
1. It has paying customers
2. It is profitable
3. It has a real business plan (not supported by ads)
4. It wasn’t counting on a buyout from Google to pay off its investors
5. See #1Another reader commented:
You know it’s crazy to see a company like this [Oversee.net], with their basic yet clean looking website make giant purchases like this.
Notice that they haven’t even changed the copyright date in their footer. =)
Yeah, isn’t it funny how a company without a whiz-bang ajax web site can actually function and make money?? Amazing!
But maybe these guys are on to something. Maybe Moniker needs to “web 2.0″ itself so it can increase its value in Oversee.net’s hands. Here are some suggestions to make that happen:
1. Give domains away for free. Hey, valuation is based on the number of registered users, NOT profits! And couldn’t this be an “ad-supported business� That would be cool.
2. Add a bunch of useless ajax widgets to the home page.
3. CEO Monte Cahn should spend 50% of his day writing a blog about the business rather than focusing on growing the business.
4. We need some social networking aspect here. How can you expect to grow your valuation if “social networking†isn’t in your tag line? Moniker needs a Facebook widget if it’s ever going to make it in the web 2.0 world.
5. Add “Beta†to the company’s logo. I know the company has been around for about a decade, but if you aren’t in beta then you aren’t cool.By implementing these web 2.0 requirements, Moniker could easily be worth “one billion dollars†in a couple years. Google or eBay will buy them out, right?”
And in a final burst of fun, he commented on his own post that he forgot the most important thing - that Moniker should change its name to Monikr - “Gotta get rid of that last vowel if you want to fit in!”
Hmmm… I wonder if that domain is available? Someone could make a FORTUNE with it!
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