Comments on: 3 takeaways from the closing of Gigaom https://ict-pulse.com/2015/03/3-takeaways-closing-gigaom/?utm_source=rss&utm_medium=rss&utm_campaign=3-takeaways-closing-gigaom&utm_source=rss&utm_medium=rss&utm_campaign=3-takeaways-closing-gigaom Discussing ICT, telecommunications and technology Issues from a Caribbean perspective Sat, 08 Apr 2017 01:18:22 +0000 hourly 1 By: Michele Marius https://ict-pulse.com/2015/03/3-takeaways-closing-gigaom/#comment-171788 Thu, 12 Mar 2015 14:15:51 +0000 http://www.ict-pulse.com/?p=74257#comment-171788 In reply to Sachin Ganpat.

Agreed Sachin, and the space is quite competitive, so there is a sense of having to continually up the ante to remain popular and relevant with inadequate money coming in…

]]> By: Michele Marius https://ict-pulse.com/2015/03/3-takeaways-closing-gigaom/#comment-171787 Thu, 12 Mar 2015 14:10:30 +0000 http://www.ict-pulse.com/?p=74257#comment-171787 In reply to Adrian Gordon.

So true, Adrian.

I was quite floored by the news of Gigaom’s closure. Like you, I thought it had figured how to make money and had been enjoying some profitability.

Quite sobering for me has been the fact that very few forms have figured out how to be make money in the tech space. And the freeness approach does not help….

]]> By: Sachin Ganpat https://ict-pulse.com/2015/03/3-takeaways-closing-gigaom/#comment-171786 Thu, 12 Mar 2015 01:31:36 +0000 http://www.ict-pulse.com/?p=74257#comment-171786 What has happened to Gigaom is happening to all newspapers and news sites all over.

Gigaom was is tech news site. And as most new sites, people expect to read them for free. People don’t realise that it costs money to report the news, but even more to host a site catering to thousands of readers a day.

]]> By: Adrian Gordon https://ict-pulse.com/2015/03/3-takeaways-closing-gigaom/#comment-171784 Wed, 11 Mar 2015 20:26:55 +0000 http://www.ict-pulse.com/?p=74257#comment-171784 This just goes to show that this “freemium” business model that seems to be so popular among Silicon Valley Startups is less than ideal for the majority of businesses actually looking to earn a profit from their product/service offerings. One would think that a publication the size of Gigaom would at least be able to earn enough revenue to fund their day to day operations – and still make a health profit at the end of the day to boot.

It seems to be getting more an more clear however, that this model is is only successful for companies with truly massive audiences (facebook/google/trwitter etc).

What is even worse is that this very same business model has trained many consumers to expect everything online to be free; making it far more difficult for newer businesses/publications to monetize their products/services in any way that even slightly suggests to the consumer that he/she must to spend (even a minute sum of money) to gain access to it.

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