How many pages does a Web 2.0 company have to flip a month to get on track one day hold an initial public offering?
A billion or more, says Opus Capital partner Ken Elefant, which is why his firm doesn't invest in them.
"Most of them are features," he said in an interview. "Most of them can't be long-term sustainable businesses."
Here's how Elefant comes up with his math. A web 2.0 company needs to be pulling in around $5 million in revenue a month to become an independent, viable publishing … Read more