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Everybody's working for the weekend but before you leave work for the weekend, here's a wrap-up of the news that caught my eye this week.
I'm currently consulting with an individual who is starting a subscription-based online business, focused on providing high-value content in a lucrative niche.
One of the biggest questions he had was: "How do I price my subscriptions?"
This week's news was quite a hodgepodge so without delay, let's end the week with a diverse version of Drama 2.0's The Web Week in Review.
This week's episode of Dragons' Den featured Gloucestershire jeweller Clive Billing asking for a £255,000 investment in his website diamondgeezer.com.
Billing received an offer from three of the Dragons (the highest ever in the programme's history) but backed away due to the 40% equity the VCs were demanding. See him here via the iPlayer.
Have the Dragons missed out on a golden opportunity? Or has Billing? We have taken a look at the site to find out...
In February, online video startup Revver, which had raised just under $13m in venture capital funding, was sold for an amount reportedly in the "low single digit millions".
It had previously been shopping itself for a rumored $300,000 to $500,000.
I'm often highly critical of VCs and the investments they make. After all, there is no shortage of funding announcements that make you go "huh?"
Tech startups across Europe are currently preparing their entries for Seedcamp 2008, the annual contest that offers five or so winners the chance to secure early stage funding and advice from a panel of expert VCs (in return for a chunk of equity).
But any not making it may not have to wait for another twelve months to get their hands on the organisation’s cash.
Some argue that an economic downturn is the ideal time to start a new business and to be sure, history evidences the fact that highly-successful companies are often born in challenging business environments.
This is little surprise. After all, they push entrepreneurs to be more innovative, resourceful and frugal than they may otherwise have been.
As they say, "necessity is the mother of all invention."
For the first time since 1978, a full calendar quarter went by with not a single VC-backed company going public.
In Web 1.0, a considerable amount of startup activity was centered on the notion that the internet was a "commercial" medium.
It wasn't uncommon to see an e-commerce startup raise an eight figure round of funding early on in its lifecycle.
Recently, Michael Arrington of TechCrunch lambasted the CEO of online music startup TuneCore, Jeff Price, for refusing to provide one of his interns, Peter, with information about his company's funding.
I criticized Arrington for what I saw as an unnecessary use of his "podium" to disparage Price when he had no legitimate reason to do so.
What's the secret sauce of Threadless.com - one of the US' most innovative small companies? Inc. Magazine says it best: The Customer Is the Company.