Last Thursday, venture capitalist Josh Kopelman set off a bit of a memeo-stir by arguing that “too many [Web 2.0] companies are targeting an audience of 53,651.” 53,651 represents the number of tech-obsessed subscribers to the TechCrunch blog. I should say “represented.” I just visited TechCrunch and found that the number of subscribers has plummeted to a mere 47,381.
That’s a drop of 11.7 percent over the course of a single weekend! Has the Web 2.0 crash begun, or has the hurdle for startup success been lowered once again? Do we sell, or do we buy?