05-10-2008, 08:38 AM
Quote:In my years covering technology, Ive gotten more than my fair share of pitches related to the latest consumer Internet startup. Thanks to this Ive been able to witness what amounts to be a near-familiar life cycle for these companies. Not every company hits every step, but most of these will be familiar to those of you in the Silicon Valley Social Media/Web 2.0-Something trenches.
IN THE BEGINNING
One day an entrepreneur is chatting with his friends, gets an idea, writes about the idea on his or her blog, and then starts coding. A few weeks or possibly days, a beta increasingly a euphemism for a not-fully-thought-out-product emerges...
full article: http://gigaom.com/2008/05/09/the-5-stage...b-startup/