web 2.0

The potential for Web 2.0 in India is definitely exciting, but for now, a concept should be for the global market, not just for the home market.The challenges for entrepreneurs building a web start-up with their own money is also daunting, unlike the first wave of dotcoms in 1999-2000, when venture funds chased eyeballs that never earned them revenues, instead of using a stickiness yardstick, resulting in the notorious dotcom bust.Today, analysts say there are about 30 web start-ups in India and another 20 are gearing up for launch in a few months.But many online ventures with a good revenue model are the first generation dotcoms focused on e-commerce, travel, job portals and matrimonial sites and some of them such as makemytrip.com and travelguru.com have raised cash to grow their business