Creating content is now scary because the consumer has chosen not pay for content. Advertising dollars are in scant supply right now. Susan Boyce got a 100 million views over the last week but YouTube did make a cent and will lose 500 million this year.

Twitter – is there a revenue model.
?

WikiPedia – doesn’t have a revenue model and doesn’t need one (donations of 6 million was easy and fast).

HULU – good content but no money being made yet.

Facebook – fantastic even though Zukerburg keeps making mistakes.

75 million people check their Facebook page daily and people are now trying to monetize THAT and scratching their heads, groping for a model.

The music business was worth 40 billion in 2001 and only 27 billion now, because of free content. While Steve Jobs and the IPod market helped the music world doesnt agree and the business of music collapsed.

Who’s not learnt from the Music Business? The Movie Industry.

Where and how will I make money if your an Entrepreneur? If it’s on Adevertising, your going to struggle.

Two possible revenue streams

1. Taylor Smift – found new distribution model called BanBox off her Fan Page (she made 102%) and did better then iTunes.

2. QTrax – sells merchandizing, uploads tickets

My opinion – what Robin Kent says is impressive, and if the music and movie industry are going down, but individual creativity and micro celebrity are going up (fair is fair).

Also, we were overpaying both industries all along and paying for the same performance, over and over. If anything, the democratization of user generated content is bringing more fairness, overall.

Btw, Robin doesn’t think Mobile is going to make a profit anytime soon.

Just wanted to tell my readers my first arcticle at Entrepreneur Magazine is up

Marshall Sponder: Web Metrics Guru

Learn to Measure Your Web Presence

It’s one thing to generate online buzz. It’s another to know how to use it.

Also, I’ll be speaking at Bloomberg LP Wednesday morning on

At the Roger Smith Hotel tonight listening to a panel on Reasons to get, or not get, a Patent; turns out this panel. Is more interesting than I expected it to be.

One of the key points was that if a company isn’t making at least 50 Million a year in profits it’s usually not worth anyone to sue a company.

Also, no agreements ought to be entered into as yourself, an entity ought to be used to enter into any agreement.

What strikes me is that you can expect legal challanges the more successful you are (and someone wants to knock you off).

Typically, a patent takes 3 years to fully file and secure and is very expensive.

The idea that we have legal constructs to both protect us from legal attacks, or mount them, independant of the merit or cons of a case, ifind someehat barbaric, but that’s just me.

It’s more like an expensive game and at the end of the panel each panelists told their horror stories.