Who Needs Venture Capital?

After browsing the sickening array of widget sites, MySpace clones, Aggregators and social bookmarking wannabes that are getting multi-millions in funding lately, my jaw is bruised from hitting the floor so many times.

It seems that venture capital firms are throwing big bucks at any round-cornered, AJAX powered online app with no visible means of monetization, and a cool name ending with the letter “r.” The only hope most of these sites have is a possible future buyout by Google or Yahoo!. Read more »

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