The Times reports on a Canadian guy whose volunteer-staffed dating website garners him $10 million a year for 10 hours a week of work. I'll note that this guy has one employee, and that there's nothing in the article to suggest that he has created any legal structure at all for the site, or that he has even developed the sort of network of contracts that might obviate some of the advantages of the corporate form. I predict litigation. Still, given that Google has a dual stock structure, and that Craigslist is similarly leanly-staffed and informally structured, is this the three-makes-a-trend proof that the web 2.0 is where business organization goes to die?
Perhaps not. But it certainly may be evidence that my co-bloggers need to start monetizing this site toot sweet.
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