Finding the new white spaces

There’s a quite a bit of noise in the blogsphere about the coming entrepreneurship boom, generating yet another pointless debate about the distinction between generations. What is really going to drive this new boom is the ability to find new white spaces, not access resources or connections (people forget that Sergy & Larry had a good idea and connections into the VC network in the Bay Area).

Twitpic is a case in point. Started on a spare server to scratch an itch, Twitpic is a poster child on how to build something new with little or no resources or connections.

  • In terms of traffic, Alexa says Twitpic is a top 100 site.
  • In 2009, the site did over $1.5 million in ad sales.
  • For every million in sales, the company keeps $700,000.
  • The site has about 6.5 million registered users.
  • Noah, the founder, was recently offered 8 figures for the business.
  • There are only 4 people working on the site (including Noah’s parents).

The common point with services like Twitpic and Craig’s List is that this new generation of businesses are creating new white spaces, and that the cost and accessibility of attacking these white spaces is now very very low.

Posted via web from Business-Technology

Posted under: Business-Technology

Tagged as: ,

One comment

Leave a Reply

%d bloggers like this: