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New product development & entrepreneurship

Joe Kraus has a great post on how it took $3M to start Excite and only $100K to launch Jotspot (here – via O’Reilly Radar). The reasons he lists are hardware being 100X cheaper, software infrastructure being free, greater access to global labor markets, and search engine marketing.

That is so true! The new environment also allows for “micro-businesses”. I know many people that have self-funded and launched online applications that would have required a full staff, funding, and offices before.

$50-100K gets you a long way these days!

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