Thanks to Bob Minotti for the heads-up on the piece in Fortune magazine… “Web 2.0 is So Over. Welcome to 3.0.” I particularly liked the comment near the end: “But today's Web 2.0 companies may find themselves transformed or even eclipsed by yet another wave of web innovators. New companies are cropping up to expand the utility of the web, creating location-based services and financial payment systems that can be bolted onto existing sites. Often bootstrapped, they are frequently profitable and may get acquired quickly.”
Bootstrapping is a topic rarely discussed in regard to the startup of tech companies, but with the current credit markets, this might be the best way to get a company going. Granted, you may not start the next Google this way, but for entrepreneurs who want to get into the game, bootstrapping a winner now can lead to an even bigger success down the road.