The tech market is now saturated. They day of the legend is over (for now). I recently wrote a post how companies build an idea in order to position themselves in order to be sold to Google. When I was out in San Francisco, I visited a startup incubator called Rocketspace. The vast majority of companies where working on real time apps this, Groupon Innovation that, or location based bullshit synthesis of even more useless ideas. The pricing of the Rocketspace office space is even worse than the startups: $ 650 a desk. Although the price of desks gets cheaper as you buy more, as an estimate you are looking at a standard early startup with only 4 desks paying a minimum of $ 2,000 a month in rent. $ 2,000 for desks (and Internet). Whatever happened to Lean Startup.
I was reading TechCrunch yesterday when I came across this headline: “Backed by Tandem Upout launches a ‘realtime Yelp’ for local event discovery”. Can somebody tell me what the fuck these guys are doing? I have been involved in startups for awhile, reading Techcrunch for years, and this is the first time I have looked at an article and go WTF.
Is the social media revolution over? Fred Wilson had a great video on his post from the LeWeb, where Forrester CEO George Colony spoke and says: social media is now saturated companies like Foursquare will soon die out and “the next wave of social are companies that are more efficient, faster, and have a higher value per time equation“.