Wednesday, February 01, 2006

Invest in New World?

I am an entrepreneur. I've founded many companies, sold some and gone bankrupt with one. A few days ago I saw something interesting. It was an early stage new media company web-page saying "we got 100.000 customers". And... "they are spending $90.000 every day". Hmm... less thn 1$ per customer, I was thinking at that point. Next day I came back, ... the numbers are rising! One week later, the same. Two weeks later I came back - 130.000 customers $152.000 spent today. Compare those pairs! Do you see the same what I saw? There are two growing trends there. Someone who is better educated in mathematics could perhaps tell me if this is what they call "exponential" or "Ackermann function" or what?

One of their voluntary workers participating the new customer sign-up / reception-activities wrote in her blog: "We get about 1000 new customers per day". That means they will have 200.000 customers (or "residents" as they call them) before summer. How much will they then spend per resident per day? In their News section they quote Spiegel Online - the web version of Der Spiegel - "Reichtum aus dem Nichts". Make a fortune out of nothing. Pack your showels young man and GO WEST.

There are some details, though, you should be aware off. I'll write about them tomorrow.

Almost forgot... what is this red-hot new media start-up? Check this!

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