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The Financial Times had an interesting article this morning which suggests that Web 2.0 has substantial problems with generating revenue. I’m not sure that this news is much of a shocker given the increased discussion recently about revenue generating businesses. Another highlight of the article is the discussion about ridiculous valuations being given to some of these companies.
One of the most infamous investment which produced a sky-high valuation is Slide who was able to obtain a $500 million valuation.