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Useful Advices - Are We Heading Towards Another Dot Com Failure?
The "dot-com bubble" was a speculative bubble covering roughly 1995–2001 during which stock markets in Western nations saw their value increase rapidly from growth in the new Internet sector and related fields. The period was marked by the founding (and According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product in many cases, spectacular failure) of a group of new Internet-based companies commonly referred to as dot-coms. A combination of rapidly increasing stock prices, individual speculation in stocks, and widely available venture capital created an exubera ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in nt environment in which many of these businesses dismissed standard business models, focusing on increasing market share at the expense of the bottom line. The bursting of the dot-com bubble marked the beginning of a relatively mild yet rather lengthy e lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. arly 2000s recession in the developed world. Early in the bubble years, three major technology groups benefitted most from the building excitement of what the Internet had to offer. These were: Internet and network infrastructure (e.g. WorldCom, larger here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe than MCI in August 1996), Internet tools (e.g. Netscape), and Internet-direct consumer websites (e.g. Yahoo!). I dont want to discuss here what happened in the past and what caused the dot com bubble to burst. I want to discuss about the current situat d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ion of dot coms. If you want to read about the past, here is a nice article from a professor The internet back then was not mature enough but now the internet is much much mature and stable. Lets talk for a moment about the current giants, Google, Yah ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc oo and MSN. All three are specializing in their own fields. competing for the first place in the internet world. And there are sites like digg.com, myspace.com, youtube.com which offeres different kinds of services whether it be a video sharing, social easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi etworking or bookmarking sites. In this cutting edge technology, if you have something unique, you would be able to sell it within few hours. And thats what happened with digg.com, youtube.com and myspace.com. There are many more sites which offered th nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically eir unique service and became famouse overnight. Just to give you a small example for uniquness, I created this april fool hoax this year with a title "Aishwarya Rai Wardrobe Malfunction" (Visit the link http://www.informationmadness.com/cms) and withi and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ n 2 hours I got 1000 visitors to my website. I didn't copy this from anywhere but was my own brain child. And the link became so famous that now there are so many blogs, sites link to my web page. So the point is uniquness. But what happens when you st ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi rt a new venture based on some existing product? Do you think its going to work? So many new websites are poping up everyday in India. I dont think they have anything unique to offer. Lets take a look at few sites * Video Sharing for India - I dont kn ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ow which one launched first. But within no time, you have AapKaVideo, MeraVideo, ApnaTube, VideoDubba, punjabeetube * After digg.com there’s HumDigg, IndianBytes, NewsCola, PutVote, IndiaMarks. * And the same goes for social networking sites. dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod After the success of Orkut now we have -- Jhoom.in, minglebox.com, yaari.com, fropper.com, SaffronConnect.com, rediff Connexions, hangoutwith.com, onlineslambook.com and other thousands. This shows a Herd mentality. There is a nice article about "Herd cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin Mentality and Indian Startups" on startupdunia.com. Even for information on "Indian Startups" there are atleast 15-20 sites. e.g. startups.in, webyantra.net, contentsutra.com, startupdunia.com, indianstartups.net are just few to name them. Many of the tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen e startup sites are getting millions of dollars in investment. And lot of these sites are initially planning to creat a community. The above link from the professor about last dot com failure mentioned few topics that caused the dot com failure. Two of t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel them were "Doing the same thing" and "Building Community not clientele". Recently Minglebox.com received $7 million in funding from Sequoia Capital. Kavita Iyer (Wife of Sandeep Singhal who is MD of Sequoia India) is the CEO of MingleBox.com. From Cont ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust entSutra.com MingleBox will get revenue from advertising and branded communities later once they get established. Sequioa India has also funded few more dot coms like Guruji.com (Indian Search Engine) which recently launched their services in Telugu. y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products nd not only local dot coms but now International dot coms are also rushing into India creating a tremendous competition for Indian Websites. Google, Yahoo! and MSN already exist in India and now AOL is spreading it's wings. They are planning to spend Rs . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de . 10 Crore in advertisements/marketing. Do you think AOL has chance to get it back from India compared to what they are planning to spend? And these are just my high level thoughts about current internet industry. I just touched Indian Internet Industr elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip y. I am sure there are similar startups/trends in other countries as well. I am not an economist or market watcher but after looking at this Herd Mentality in India, I ask my self a question, are we heading towards another dot com failure in near future tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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