End of Days for Web 2.0
Posted on January 7th, 2008 by Startup Addict
You know an industry is over or at least nearing an end when everything is for sale (real estate sound familiar?). We’ve gone from a flurry of “startup acquisition” headlines to a flurry of startup “for sale” headlines.
Spark Networks is looking to unload its’ JDate online dating property to the tune of $185 Million. This time last year, it would have been acquired for that amount not “for sale” for that amount. Spark Networks much like Affinity labs (Monster.com just acquired) and like StartupAddict.com’s holding company HyperActive Media all have multiple web properties that focus on niche verticals. Apparently some properties are getting mature in terms of valuation and need unloading before the web 2.0 craze is completely over.
