February 2009 Archives
The Wall Street Journal print edition today was kind enough today to publish a letter I submitted in response to L. Gordon Crovitz's Op-Ed piece earlier this week. My letter follows:
We have a tradeshow coming in May called Web 3.0. This is the second iteration of this event (the inaugural show ran in Santa Clara, California last October). We also have a blog devoted to the topic of Web 3.0.
And up until February 23 there was an entry on Wikipedia for the term Web 3.0. A Wikipedia editor decided to remove it this week. The reason is a bit convoluted but here it is....a "non notable term with no defined meaning. Nothing mre that what different people think will be the next evolution of the web (with the term being created almost as soon as the term Web 2.0 was created)."
This is an amazing assertion since the term Web 3.0 has appeared dozens of times in Google News, The New York Times and many other online and print publications. I smell a rat here! Clearly some organization or group of individuals resent the idea that there is now a Web 3.0 tradeshow.
Many things have happened since my last entry in June 2008. I decided to take a blog sabbatical while I was involved in what turned out to be a lengthy negotiation and closing to sell our Jupiterimages division. This deal closed on 23 February. Our company is now called WebMediaBrands and over time I will discuss our business strategy.
Most importantly we are no longer negatively impacted by $81 million of debt. Simple lesson - avoid debt if possible! In tough times banks are not your friends. I learned that the hard way.
I believe we are now in a depression in the United States. There is nothing like being debt free and with cash in these rough business times. Things will not be easy but I certainly hope I can make WebMediaBrands a winner for investors..