Oh God. I am soooo behind on posts.
This has been a hectic time at work, working hard towards getting the product (vversion 1.0) out of the door and into testing. Well, i think we have finally made it that far. Our product is now in testing at an independent lab and we anxiously await the results. Product development never stops and hence this is just our first big test in a series of tests to come. We expect to have a few problems, but that will just help us guide in the right direction….
Enough on that. I have a lot of things I want to vent about but I will take it easy and chose a few ideas to share over the next few days/weeks.
Is the dot-com boom 2.0 on now? I sure think so. The dot-com boom has returned, even though we all hope that the forces to be have learnt from the last experience and there will be a lot more survivors this time around when the boom ends. Why do I think its another boom? Well, for two reasons:
1. There are now dozens of IT/internet startups propping up, some of which are hardpressed to even fully describe what they are all about. Essentially, once again, if you have an internet business idea which has at least the qualification that it is not exactly the same as someone else, you can start a company and get some funding from a VC or other investors. Lots of dating sites, social networking sites, music sharing sites, photo sharing sites, and shopping sites are propping up with revenue models that are far from certain, or even well thought out.
2. Check out http://www.agloco.com. The presence of this site definitely sends a signal that the boom is on. And this time, I will try to be “in” on the boom if I can in a small way. Heck, why should I not try to make a buck or two, esepcially if it does not cost me anything 🙂
Here’s the thing (and how you can get “in” on this dot-com boom 2.0:
Companies like Google (yes, the master Google-dom) are making billions of dollars in revenue generated by ads. By the simple virtue of getting people to search using their search engines, Google has been able to generate so much revenue that its stock price topped the $500 mark yesterday. And it is us, yes we as in you and I, that are helping Google make that revenue. Google has nothing to offer to its adevertising payors if you and I decided to move to Yahoo or to somebody else not using Google engines (AOL does not count since it uses Google. But check this out: Google pays AOL ~10 cents for each search conducted by AOL users).
So why should Google keep all of that money (and build giant airplanes for its founders) when it is you and I who help it make that money, and we get paid nothing, zilch, nada! Should Google not be paying us to use their search engine –> which in turns allows them to show us ads –> which we then click on to buy googies and services –>which in turn generates revenue for the advertisers –>who then pay Google . Only people left out of reaping the profits is us, who appear more than once in the supply chain.
Agloco.com has a crazy business/revenue model, which I could also easily call highly innovative (and still crazy if it works. Remember these are the same guys as AllAdvantage scheme from the dot-com Boom 1.0 era). I will take material from a recent VentureBeat post on it to highlight what Agloco is all about. But first, here’s my plug. If you decide to sign up, and I encourage you to since it makes all of us money that otherwise will go to Google (who doesn’t need the revenue as much as you and I do) then please use my referrer ID BBBB0244 to sign up. Let’s get in on this scheme together and we can celebrate with a chapagne when Agloco goes public and we get a check in our mail.
You can also click here to sign in: www.agloco.com/r/BBBB0244. My code will already be included.
After some delay, and server problems, AGLOCO is now open for business.
We wrote about the service here. It is controversial because it promises to pay you to surf the Web.
VentureBeat has just signed up, deciding that we’ll give it a whirl and see if it works. We don’t mind sharing basic personal information AGLOCO asks for, because it’s the same many other sites require– and AGLOCO has promised not to pass it on.
We went to the calculator and we practically choked at the earnings it promised based on our plan (see calculator below). It said we’d “earn” 11,720 a month! That’s based on a plan of getting 12 friends to sign up, and an assumption that each of those people will sign up five people on average — and further, we assume each of these people surf an average of five hours a month (all fairly conservative).
Naturally, from the wording, we thought this meant dollars, as in $11,720. So we checked with AGLOCO spokesperson Steve de Bonvoisin, and he set us straight. It means 11,720 shares, and that’s not tied yet to any worth. So don’t get your hopes up. Still, we’d like to try this out. If any of you sign up, and you heard it here first, consider using VentureBeat’s referral ID, which is
BBBB0104. It’ll help us with do accurate reporting about this company, and any money we make will be donated to a good non-profit cause. We’ll make it public when we do.
Here’s a statement from their own website which is just too interesting to miss in this blog post:
The guys behind this idea include several Stanford MBA’s and a few individuals who started AllAdvantage back in 1998, which gave over $100 million to its users before falling victim to the burst of the internet bubble. Today, the context is much more favorable: The sophistication of on-line commerce, the rapid emergence of communities, the wealth of advertising revenue sources, etc. Isn’t it time you got your share of the Internet?
So there it is…Enjoy the dot-com Boom 2.o, and be a part of it!