Beware of all enterprises that require new clothes. – Henry David Thoreau
I have seen the effect of a good dress during my first unconference in secondlife. Kate Trgovac(Katicus Sparrow in SL), got full value for the money she invested on her remarkable dress to play the hostess for the event.
In matter of time, the passive participants will also become conscious of their dress and other virtual goods that go with them. [They will want to look good on the ‘coverage’ ]
hypestat that the Virtual Goods market is USD 1.5 billion and growing passes the first level reality check.
The real venture capital companies will be focusing on the platform providers and there can be very interesting deal flows by making the virtual worlds inter-operable. [Will interoperability create the deal? or will the deals create the interoperability? let us see…]
I see an opportunity for pure virtual currency/virtual goods based Venture Capital( or Virtual Capital?) firm. It will be lot of learning and lot of fun, money will follow soon enough! Just thinking aloud. I might assemble one soon enough.
Interesting quote from the event( By Susan, on importance of third party empowerment/power of secondary markets):
The reason Google, eBay, Amazon, exist is because they lower the barrier for entrepreneurship.