Maktoob Yahoo! bandwagon effect?
Posted: August 27th, 2009 | Author: Saleh Esmaeili | Filed under: Business, Tech, UAE | Tags: acquisition, maktoob, yahoo! | 2 Comments »
First things first, it was a great piece of News to receive after such a long time of flop n’ demeaning News on ME’s tech/Internet scene. Congratulation to Maktoob on the pay off for the 12 years of keeping things running. Is this deal gonna’ get the wheel rolling?
Having Google enrooting in the ME, Microsoft already there although the Live team hasn’t been of an active team here. And now, Yahoo! So what does that mean for the startups in the ME and the Arabia in particular? What would be the Formula for the Content value?
Investors confidence
The best effect of the buy out is the fact that now at least one example is out there to show. One story to showcase the value of Content and online innovation.
Developers motivation
I’ve heard this line countless times before “man it’s hard to sell the idea out here, I’m off to US man”. And those who had no hope for leaving the country they just end up doing their projects for fun and the sense of being a geek/nerd. And if it was very ambitious it’s about selling some ads n’ banners, that’s it.
Now? This has to change. Your side project can become your life if you were a developer. Yes, you can put Google/MS/Yahoo! between your eyes when thinking and polishing your ideas, of course after the solution and identifying the needs.
It’s about patience
Jus’ like any other business n’ investment, patience and lots o’ luck n’ some more innovation. Yes. It pays of in the Internet business, this is highly the way it is going to be received.
Lot’s of mini-examples have been there in the market. Jeeran being one of the earliest mini porjects that were funded twice, other projects that had the same path there too. But! this one is the News that will buzz for a while, indicating the region’s readiness for being the next best thing.
It’s DOABLE
That quite said.