Broadband internet (DSL, cable, high-speed internet, or whatever you want to call it…) is now reigning supreme in the world of connecting people to the internet in the United States. AT&T and Comcast have officially surpassed AOL in subscribers bumping AOL to the #3 spot.
With broadband adoption over 50%, the future is bright for the internet companies, and hopefully this is a sign that web 2.0 will not burst like it’s ill-fated 1.0 version. To give you an example of why I believe this to be a great sign of the times and also why the web 2.0 companies are approaching this next era with more focus and realism, we at eNeighbors have approached our business model in the following manner:
1. We launched a web 2.0 application in less than 6 months for under $100k.
2. We have less than 5 people in the company.
3. We have no official office space (we all work virtual).
4. Finally, we are self-funded so far — no insane VC funding/spending here.
There’s no substitute for critical thinking and talent. We excel at both. The market is primed. Online use is on the rise. Google, Yahoo, YouTube, MySpace, etc. have made it commonplace (and cool) to be connected 24/7. This is a great time to be working in the online space. It’s so much more fun to go to work when you’re having fun!
Oh, and happy Cinco de Mayo!