31st
Ten Lines Of Code…
Fred Wilson talks about the recent bit.ly funding
But just because something is simple to build doesn’t mean it won’t be a good venture capital investment. I’ve heard many people say they could build twitter in a weekend. I don’t doubt it. But twitter is more than code, it’s a popular communications service and an API that thousands of developers have built upon……………..
What is critically important is an active user base that is engaged and getting a lot of value out of the service. And on that count, bit.ly is doing very well.
Thats how I also look at building iimjobs.com, which is built using open source software - Joomla, from technology standpoint.
The value is in how we use existing technology to solve a real consumer problem for a segment thats not being addressed by the bigger players
