Build it. Flip it. Repeat.
Business 2.0: “Oddpost’s story features many of the standard plot devices of tech startup triumph: the clever spotting of an overlooked opportunity, the crashing server — the server always crashes — the plucky victory in the end. But the company also represents an entirely new force, one that’s reshaping the global technology world and redirecting the pathway to startup success. Oddpost is part of an emerging breed of here-today, bought-tomorrow startups that are sprouting with minimal funding, flowering briefly, and being gobbled up by far bigger companies. In many instances, these built-to-flip outfits forgo — or sometimes can’t get — money from venture capitalists. They instead create shoestring operations focused on the rapid development of narrow technologies to plug gaps in existing product lines or add useful features to existing products. Then they look to a deep-pocketed patron to scoop them up. ”
via Rajesh Jain.
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