Tips to help you avoid becoming a Dot Bomb 2.0

[mandy]

11 tips on how to avoid becoming a dot bomb 

2.  Be a complete business, not just a feature.  Social networking on its own is done (despite recent entrants). MySpace and one or two others will survive, and they will get wrapped into bigger services.  If you want to be a shopping site that incorporates social networking and a wiki, okay, that’s something (not much, but something).  And it is okay to be a piece of technology that will get licensed or otherwise incorporated into other companies’ offerings.  However being a “better” bookmarking site is not enough.

6. Find some friends who don’t drink the kool-aid and get their honest feedback.  All too often we are surrounded by folks who want to make us feel good.  Unless you are a 17-year-old doing this over summer break, you have rent to pay, and debt is bad.  When starting a business, you need friends for encouragement but what you really need is sound advice (that is, in fact, ironic).  Heck, email me (skeptic at dead20 dot com) if you don’t have someone, I’ll give you a straight answer.

full article and all 11 tips: http://www.dead20.com/2006/07/16/11-sugg...t-bomb-20/