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bubble burst

June 5, 2006

"Well, the inevitable is starting to happen - a few new web startups are starting to close up shop as they find that building an application is a lot easier than getting users to try it out and keep coming back" - TechCrunch

Um, of course it's not really the fact that they can't get people to try it out, it's that they build things people don't want and never wanted. They don't solve any problems people have and they're merely technology showcases. Are we supposed to feel sad these things are going under? I think not. Better they go under now while the repercussions are low than later when a new bubble forms and they drag the rest of us down with them.

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