The next generation of Web technology has been coined Web 3.0 or the Semantic Web. It refers to a smarter Web in which web based data is made readily accessible for use across applications for both human and computer use. The Web 2.0 generation of startups has beget its fair share of monster successes and utter failures. Out of a recent sample of nearly 200 Web 2.0 startups that launched between 2005 and 2007, only 14% of them were successfully acquired and 27% are no longer in business. The remaining 59% may still have a homepage but it’s highly unlikely that the majority of those are profitable.
Without the owners of those remaining Web 2.0 businesses releasing their tax records it’s nearly impossible to accurately obtain the profitability of those past internet startups. Despite this challenge, I still think it is important to provide such data analysis as there is very little statistical information about success and failure rates of web startup companies. Web entrepreneurs can now take the information from my analysis and dig deeper to obtain inferences as to the reasons behind such successes and failures if they wish.
I will continue to track the approximate 200 Web 2.0 internet companies but I also think it’s important to begin gathering data on the next generation of web technology. Therefore I have created a list of 50 Semantic Web companies that have launched within the past couple of years for which I intend to repeat the analysis as time allows. I compiled the list of these internet companies by scouring the web and searching popular tech startup sites like TechCrunch, Mashable, and ReadWriteWeb. I have added a logo collage of the web startup companies in question for your viewing enjoyment. Please take the time to review them and let me know if you believe I left any important ones out.
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Good list Kevin, and I'm glad to see the growing interest of the semantic web.
I'd be happy to give you further information about ContextIn for your analysis.
Ben
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Kevin Eklund reply on May 23rd, 2009 3:42 pm:
Thanks Ben, I appreciate that. I’ll let you know when I’m able to dig into it a little deeper.
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