Vancouver Tech Guy Rockin' The Technology Scene Vanouver Style http://www.vancouvertechguy.com/node/3/atom/feed 2006-06-08T01:22:29-07:00 Web 2.1 - Bring Forth Ye Business Plans http://www.vancouvertechguy.com/web_2_1_bring_forth_ye_business_plans 2006-06-08T01:22:29-07:00 2006-06-08T01:22:29-07:00 admin Venture capitalists have started to salivate at the thought of another big build up - and surprise-surprise, Vancouver is at the core of this technology revolution. Companies like Flickr, eBusiness Apps, and SXIP are pioneers in their respective fields (incidentally, they were using AJAX and identify before either had a PR-firm's worth of spin).

What do these three companies have that a ton of other Web Two Oh start-ups don't? That little magical document that separates revenue earners from investor spenders: a viable business plan with a path to profitability. A lot of companies seem to be throwing up applications with a beta sticker, adding an API, and going out and seeking venture capital. While this approach might work in the short term, no amount of great coding can save a project doomed to toil in obscurity after it runs out of investor steam. In the technology community, it can be easy to miss the forest for the trees; while my latest storable, dynamic AJAX widget for social networking may be a major accomplishment in terms of technology, will five million in venture capital make it a business success?

]]> Venture capitalists have started to salivate at the thought of another big build up - and surprise-surprise, Vancouver is at the core of this technology revolution. Companies like Flickr, eBusiness Apps, and SXIP are pioneers in their respective fields (incidentally, they were using AJAX and identify before either had a PR-firm's worth of spin).

What do these three companies have that a ton of other Web Two Oh start-ups don't? That little magical document that separates revenue earners from investor spenders: a viable business plan with a path to profitability. A lot of companies seem to be throwing up applications with a beta sticker, adding an API, and going out and seeking venture capital. While this approach might work in the short term, no amount of great coding can save a project doomed to toil in obscurity after it runs out of investor steam. In the technology community, it can be easy to miss the forest for the trees; while my latest storable, dynamic AJAX widget for social networking may be a major accomplishment in terms of technology, will five million in venture capital make it a business success?

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