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To: craig crawford who wrote (88182)12/21/1999 4:00:00 AM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
>AOL has already made it clear that they are moving into the B2B space.

The whole B2B hype storm and associated IPOs and pump and dump fests from wall street makes me sick. The basic promise of "B2B" is that all these newly minted companies will somehow insert themselves into the middle of every business transaction on earth, and collect a percentage.

If AT&T announced tomorrow that they expected to start collecting a percentage of all business done today over voice based communication devices (ie, telephones) people would laugh them out of the VC room.

All these little cute javascript applications, all these vaporous shams of businesses scrapped together in the last few months by investment bankers, they will ALL fail. The sort of services they are providing will quickly become a commodity, just like telephone service, and no business will willingly give up ANY percentage of their revenues to these scams. Well, except Kleiner Perkins companies-- they'll give up revenue to other Kleiner Perkins companies in order to cook the keiretsu books for shareholders.

The only reason the term B2B was invented is simple: every single business to consumer (B2C) retailer on the internet has been an abject unprofitable failure. Just like Bezos has learned, as long as you change your story often enough, people will keep throwing money at you. The investment banks and brokerages couldn't praise the existing stocks and keep a straight face anymore, so they're busy convincing the public that "But hey, business to business could make money, maybe? Please give us more money."