{"id":521,"date":"2006-09-14T15:19:06","date_gmt":"2006-09-14T19:19:06","guid":{"rendered":"http:\/\/www.mathewingram.com\/work\/2006\/09\/14\/financing-for-a-web-20-joke\/"},"modified":"2006-09-14T15:19:06","modified_gmt":"2006-09-14T19:19:06","slug":"financing-for-a-web-20-joke","status":"publish","type":"post","link":"https:\/\/mathewingram.com\/work\/2006\/09\/14\/financing-for-a-web-20-joke\/","title":{"rendered":"Financing for a Web 2.0 joke"},"content":{"rendered":"<p>Got any good Web 2.0 jokes? Maybe one of them might be worth financing for a million bucks or so &#8212; just like <a href=\"http:\/\/venturebeat.com\/?p=1888\">Dogster and Catster<\/a>. The gang behind the social-networking sites for pet owners just raised some cash from a group of venture investors, including blogger <a href=\"http:\/\/mp.blogs.com\/\">Michael Parekh<\/a>, Josh Schachter of del.icio.us and one of the guys who founded Hot or Not. As Matt Marshall at Venture Beat notes, the site is devoted to pet lovers &#8212; many of whom post journal or blog entries by taking on the character of their pets.<\/p>\n<p>Dogster started as a satire on the (then) popular social-networking site Friendster &#8212; but it is a joke that has become a profitable business with revenue of $100,000 a month and other enviable &#8220;metrics,&#8221; according to VC blogger Jeff Clavier <a href=\"http:\/\/blog.softtechvc.com\/2006\/09\/mo_money_to_bui.html\">here<\/a> (Jeff is a member of the syndicate of investors). It&#8217;s not the first Web 2.0 joke to get financing, however: Consummating, a dating site for geeks, also <a href=\"http:\/\/www.consumating.com\/faq.pl?topic=about\">started as a joke<\/a> and was acquired by CNET last year.<\/p>\n<p>Does the fact that something which began as a joke got financing mean that financing for Web 2.0 companies is a joke? Feel free to discuss amongst yourselves. And have a look at possible buyout\/financing candidates on <a href=\"http:\/\/supr.c.ilio.us\/blog\/2006\/02\/28\/the-great-web-20-joke-list-20\/\">this list<\/a>. How long until Dogster using the million bucks to buy <a href=\"http:\/\/www.hamsterster.com\/?x=about\">this site<\/a>?<\/p>\n<div class=\"syndication-links\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Got any good Web 2.0 jokes? Maybe one of them might be worth financing for a million bucks or so &#8212; just like Dogster and Catster. The gang behind the social-networking sites for pet owners just raised some cash from a group of venture investors, including blogger Michael Parekh, Josh Schachter of del.icio.us and one &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mathewingram.com\/work\/2006\/09\/14\/financing-for-a-web-20-joke\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Financing for a Web 2.0 joke&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crsspst_to_mathewingramblogwordpresscom":false,"mf2_syndication":[],"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-521","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/comments?post=521"}],"version-history":[{"count":0,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/521\/revisions"}],"wp:attachment":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/media?parent=521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/categories?post=521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/tags?post=521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}