Web Success On the Cheap

No, this is not an offer for you to buy my inexpensive guide to wealth and wisdom using WordPress …

Today’s New York Times Business section has a front page article titled, “For Start-Ups, Web Success On the Cheap.” It begins:

SAN FRANCISCO, Nov. 8 — When Seth J. Sternberg and two colleagues started Meebo, a Web-based instant-messaging service, they didn’t go looking for venture capitalists. Using their credit cards, they financed the company themselves to the tune of $2,000 apiece. It was enough to cover their biggest expense — leasing a few computer servers at $120 a month each.

Within a month of its introduction in September 2005, Meebo was getting as many as 50,000 log-ins a day, and it needed more servers. It decided to take a modest $100,000 from three angel investors, wealthy individuals who typically contribute small amounts but do not get involved in management decisions.

The article later says:

Several forces are allowing companies to operate cheaply compared with the first Internet boom. They include the declining costs of hardware and bandwidth, the wide availability of open-source software, and the ability to generate revenue through online ads.

Meebo is a web-messaging program that is supported by WordPress, and available to any WordPress blogger. I haven’t used it, but I have seen its name as one of the optional sidebar features.

This is just another sign that open-source is becoming a common signpost on the road to success.

The story also says that Meebo received about $3.5M in funding from Sequoia, a venture capital firm.

Sequoia is an interesting word. We’ll discuss it briefly in the next post.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  • Pages

  • November 2006
    M T W T F S S
    « Oct   Dec »
     12345
    6789101112
    13141516171819
    20212223242526
    27282930  
  • RSS The Wayward Word Press

  • Recent Comments

    russurquhart1 on SPITBOL for OSX is now av…
    dave porter on On being the maintainer, sole…
    daveshields on On being the maintainer, sole…
    Paul Tallett on On being the maintainer, sole…
    mrrdev on On being the maintainer, sole…
  • Archives

  • Blog Stats

  • Top Posts

  • Top Rated

  • Recent Posts

  • Archives

  • Top Rated

  • %d bloggers like this: