Reddit and JotSpot Acquired 53
Two Web 2.0 companies' acquisitions were announced today: JotSpot by Google, and Reddit by Wired. hpcanswers writes, "Google has bought JotSpot, a maker of wiki software. From the linked FAQ: 'Google shares JotSpot's vision for helping people collaborate, share, and work together online. JotSpot's team and technology are a strong fit with existing Google products like Google Docs & Spreadsheets, Google Apps for Your Domain, and Google Groups.' The purchase price has not been disclosed." Coverage of the JotSpot deal is everywhere; Cnet's and the AP's are thorough. And MattSparkes writes, "The user-generated news site Reddit has been bought out by Wired's parent, Condé Nast, for an undisclosed sum. As the great big Web 2.0 bubble continues to inflate towards the popping point, and Boston sees a few more young millionaires move west, who will we see bought out next?"
No Bubble This Time (Score:2, Insightful)
37 Signals wrote a good article a while back trying to keep this hype in check.
http://www.37signals.com/svn/archives2/dont_believ e_businessweeks_bubblemath.php [37signals.com]
Remember, part of an evaluation is function of current value vs. a projection of ROI. How will this investment in Reddit be returned? I have no clue,
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Because if so I have to ask - are you insane?
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Web 2.0 will be in line for it's reality check.
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The others seam to be going for less then 50Mil. This is not a lot of money considering how much it would cost a big company to.
a) duplicate the software,
b) Advertise it, and build a brand
c) grow a community.
Its simply cheaper and easier for them to buy.
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I think this is true as well, but I have another reason to add to yours: the economy is quite a bit different now. The late 90s were very good times economically. These days, things aren't as good: fuel prices are higher, war creates uncertainty, the government is deficit spending like mad, globalization is collecting its due, etc, etc.
However, there will definitely be a shakedown sometime in the future. I don't think it will be
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I Know I Know! (Score:4, Insightful)
However, if Steve Ballmer buys Slashdot, it might be shut down with the server boards & hard drives made into urinals in Ballmer's private bathroom. Oh, think of all the bright futures of the mighty Slashdot!
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Re:I Know I Know! (Score:4, Insightful)
Slashdot: A place where I'm +5 Insightful when I really tried my best to be funny.
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Plan for early retirement (Score:1)
2. Wait for Google to buy you
3. Retire and relax
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Umm ... companies realized a long time ago that they need to tie the founders of companies up post-acquisition. This type of deal include "velvet handcuffs" that defer a significant portion of the its value for a number of years. Typically, it a 2-3 year term. I would be willing to bet that they received 20-30% of the purchase price today, and will get the remainder in drip and drabs for the next 2-3 years. At the end of the term, they then probably get the last 20-30%. So, the burnout in 6 months pla
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1. Start-up company
2. ???
3. Google buy-out
4. Profit!
JotSpot? (Score:1)
Blogs, comments, threaded forums and wiki's are just different ways of organizing, collecting and storing information. Wouldn't a "create miniwiki" function in blogger make more sense or does "jotspot" have a more enterprisey feature set?
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Can the Borg innovate ? (Score:2)
The Borg [userfriendly.org], she grows - resistance is futile. [userfriendly.org]
No, jokes aside - I'm starting to have serious doubts about google's internal innovation engine. As someone recently pointed out [slashdot.org], the reason startups are innovative are because they aren't constrained. From what I hear, google has retained a bit of the humility required to keep their startup ethos (to be a company of a hundred startups) for the last five years. To do this, they've had to do more subtle PR tricks than there is in the book and I can truly admire
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Probably because in the past, Google's [google.com] offering was less popular than a competitor's [youtube.com] offering. Even though Google has a lot of smart people, Google still made the decision to buy its competitor. [slashdot.org]
If you can't beat them, buy them!
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er (Score:2)
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Reddit, on the other hand, has quickly become one of my favourite and most visited sites. I'd highly recommend checking out Reddit, especially if you like Digg (or if, like me, you're starting to find Digg a little... annoying).
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Yahoo, Netscape, Hotmail,
Google has been "right" from the start, there, listening to the users, making it how it should be.
A bit like Apple.
Not promising upgrades and then coming out with something different, mostly worse.
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Souding like a googlot; they have the right attitude so I don't think they'll fail at whatever they do, if they can keep their heads open.
And rereading the GP beta means beta, it means; can have bugs, probably not.
Drive safe.
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The Bubble is the Joy of a Non-Commercial Web (Score:2)
This is why were seeing a new breed of mySpace and Facebooks evolve and next we'll start seeing something to replace youTube which thanks to removal of content due to litiginous bastards is now just a bunch of cat videos and bad Wendy's commercials.
The cycle will continue as these albatrosses will bring down the purchasing comp
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At least this bubble... (Score:1)
Perhaps they can make jotspot less crap. (Score:2)
"You can't edit this comment using wiki markup because it's been edited in WYSIWYG mode"
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Condé Nast is not just Wired (Score:1)
JotSpot User (Score:2)
I've used jotspot (Score:2)
Forms allow you to tag a page as a particular type, and each type has some meta data associated with it, as well as a view. So it's like a database and a wiki in one, but much easier. It allows an admin user to set up data types and what fields should be included, and then the actual content write
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Mr Kraus last year (Score:2)
Here's the juicy excerpt from the article: