Tuesday, May 29, 2007

Myspace - the next Prodigy? | AlwaysOn

Timely reality check 

While the concept of a “widget” might seem trivial to many outside of Silicon Valley, the ability to automatically embed a rich flash application inside another site is very powerful.  It has become a new vehicle for massively gaining viral distribution.  One well-known example is Youtube, as their growth was significantly driven by Myspace  -- with Myspace quickly becoming Youtube’s largest source of traffic.   

And this new opportunity has not gone unnoticed by the VC community.  I'd estimate that over $250 million dollars has been invested in widget companies during the last 18 months.

Source: Myspace - the next Prodigy? | AlwaysOn

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