2006 13
The First Web 2.0 IPO Will Take Place In Europe
Published by MartinVarsavsky.net in General with No Comments
Even though USA is the undisputed leader in the Web 2.0, in Europe companies like Skype, FON, Netvibes and OpenBC are also creating huge global communities, and the first Web 2.0 IPO will take place in Europe.
ll in the States, especially among those executives who deal more in the international arena.
OpenBC, now renamed Xing, will go public in a relatively short period of time, in what is expected to be a very large IPO for this profitable community of 1.4 million members with a revenue run rate of around 3 million euros. German media sources say that Xing´s will be a huge IPO of over 50 million euros.
For those who don´t know it, OpenBC is a community of business executives that has a more exclusive feeling and provides more in depth information and its members than LinkedIn. While Linkedin is free, OpenBC cost around 6 euros per month, but those 6 euros are paid by enough members to make the OpenBC model much more sustainable.
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Konstantin Guericke on November 15, 2006 ·
LinkedIn has already been profitable since March. Our subscribers pay an average of $300 per year, a testament to the value of LinkedIn. But we also earn revenue from job postings and advertising. Since we are not dependent on subscriptions, the free version on LinkedIn has full search capabilities and you can contact people in your network (up to three degrees) free of charge.
Martin Varsavsky on November 16, 2006 ·
Konstantin,
I was not aware of this. Congratulations! That proves that both are great platforms! Are you guys going public as well? What is your revenue run rate?
Dean @ Sachi Studio Designs on November 21, 2006 ·
openBC was profitable within the 3rd month of operation. openBC/Xing has a very interesting and sustainable revenue model. I can’t think of too many SNS for business people who don’t rely on ad revenue. LinkedIN, Ryze and Ecademy all allow for ads on their site where as Xing is very adamant about the privacy issues for their members. I’m from the U.S and I am a proactive user of Xing and highly recommend it.
It would be interesting to see if Xing can achieve market penetration in the U.S and give LinkedIN a run for their money 🙂 I’m not sure how likely it will happen as Xing wants to focus on Asian and European markets for the time being.
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Dimitar Vesselinov on November 15, 2006 ·
The first Web 2.0 IPO was in Japan.
Mixi IPO day 2 review
http://fukumimi.wordpress.com/2006/09/15/mixi-ipo-day-2-review-and-my-latest-swipe-at-techcrunch/
http://en.wikipedia.org/wiki/Mixi