Yahoo! has ambitious plans for the next three years: 1 billion users

Asked to be more specific about those internal goals, Irving declined to tell the audience more details.

“Irving said there are internal goals that the company will use to measure its success, but he declined to share them with reporters,” says VentureBeat.

However, TechCrunch heard from a source close to Yahoo: an increase in the number of unique visitors to Yahoo properties from today’s 622 million to a cool 1 billion. And an increase in overall Yahoo revenue from last year’s $6.5 billion to a whopping $10 billion.

Michael Arrington, founder of TechCrunch, believes Yahoo’s goals are not doable:

“Doable? Not a chance. Well, maybe on the user number. They grew 9% over the last year in unique users according to Comscore. If they keep that up they’ll be at around 800 million, and I guess they could buy their way to a billion buy buying WordPress, Glam and/or Myspace, each with about 165 million unique monthly visitors. But short of some sort of massively popular new product, 1 billion unique visitors isn’t going to happen.

“The revenue target is even less likely. 2008 revenue was $7.2 billion, dipping down to $6.5 billion last year. 2010 looks flat v. 2009 so far. “

image source: techcrunch.com

Are Startups just a new way of Scam?

What is a StartUp?

In few words, a startup is new company founded by people who, more likely, had key positions in well known and already big companies and who, most often, have an idea which – they hope – can become a powerful money magnet.

The vast majority of startups are based on the Internet technology. In other words, they create a website, mostly based on an poor / less original idea and much less attractive. After that the founders gather the investors and wait in a cozy corner counting the endless millions of dollars so easily given.

How much is invested in a startup?

You heard it folks. We’re talking about millions of dollars. In many cases we’re talking about tens of millions of dollars. Gathered as if they’re made of thin air, receiving in exchange a fair share of the newly founded company.

Practically

One of the biggest startups & investments database is CrunchBase. There, you can find out, on a daily basis, Who starts What and Who invests Where. Lets take a random example, shall we?

Quora

And I quote from TechCrunch’s article:

Quora, a new startup founded by ex-Facebook employees, has closed a first round of funding, and it’s a big one. Benchmark Capital has led the round and general partner Matt Cohler has taken a board seat at the company (Cohler is a former Facebook exec).

Both Quora and Benchmark have confirmed the funding, but they won’t comment on the size of the round or the valuation. Our source for the story says it was an $11 million round that valued the company at $86 million. Additional investors may join the round as well.

Elevation Partners was also rumored to have bid aggressively on the deal.

Quora first launched in private beta on January 4, 2010, just a few months ago. To get in you have to convince a current user to use one of their ten invitations on you. It’s one of the hottest private beta tickets in town. And for a question and answer site that’s saying something.

But there’s a magic to Quora that has captured Silicon Valley’s imagination. Something about the quality of the people and the content. Real discussions break out on Quora all the time. The signal to noise ratio is extremely high.

Read the rest of this article on TechCrunch

I really don’t want to diminish the importance of the Quora’s founders work nor their idea. But is it so revolutionary that it deserves $86 millions???

$86 millions?? Really?

It became more and more a reality the situations in which a well founded startup (which raised up to $50 millions) went bankrupt after a year or so …

My question is: what were they thinking? Do you have an answer?

MySpace has to hit rock bottom before it can even think about rebuilding into something new

According to TechCrunch, three star senior employees left to go to cross-town startup Gravity.

They heard that Jeff Webber, the engineering director that oversees the email, instant messaging and other “communications” platforms for MySpace, resigned earlier this week as well to join a startup. He’s been at MySpace for nearly three years and was one of the star engineers and leaders, says one of TechCrunch’s source.

Everyone admits that MySpace has no direction. Of course the top executives wont agree with that but rumors are that internal politics are the only things that seem to matter. Ambitious new projects like “remaking MySpace” have been thrown away just because the wrong exec supported it.

Anyone who actually wants to build products has left or is looking for a new job, say many, many sources.

More evidence that this is true: the VP and GM of Mobile John Faith, SVP User Experience Katie Geminder and most of her team and – of course – the CEO Owen Van Matta.

We think that MySpace reached a shameless and embarrassing point form which they must quickly escape at any costs.