Bubble 2.0: Invest like it's 1999
Mobile startups are being hyped to high heaven.
The excellent MobileCrunch is filled with great ideas paired with
half-baked innovative business models that will never make enough money to cover my monthly mobile bill.
I say: who in their right mind squares up to Google with their own take on AdWords/AdSense mobile? Google are cagey about mobile text ads, but a launch is inevitable.
But there’s the odd gem that - gasp! - appears to boast a workable business model alongside the Aeron chairs, excessive VC funding and fußball table.
Luup lets users send and receive cash with a simple system of text messages. Most Luup services are free to use - presumably until SMS costs and fraud rocket.