What is up with the huge number of startups revolving around video, music, and social networking (or all 3)? I was checking out the TechCrunch 40 and the TechCrunch 40 Demo Pit and there are very few that don’t have anything to do with those categories. In addition, most entrepreneurs I’ve met at some recent Seattle startup events put on by seattletechstartups and npost seem to be on the bandwagon as well. Why? Are the multitude of VC funded startups in these segments and the recent successes of YouTube, iLike, and Facebook proving that there’s a lot of opportunity still left in these areas? Or is this like the tulip craze and the last ones holding the bag get screwed? Either way, it just seems ridiculous the resources, time, and money spent focusing on them.
What happened to businesses whose goals were efficiency, information, and cost savings? Does anyone who matters still care about these things? Did we really solve all of those problems and now just want to find ‘new’ ways to replace our TV’s, radios and real-life friends with their internet equivalents?
