Time magazine is among the latest large media owner to realise that the Internet is not a place where you spend a lot of money. In fact, it’s so efficient at disintermediating the income streams of traditional media companies who mainly play in print, that they are having to cut staff and put what resources they have left online. This something UK Press Gazette failed to realise and paid the
On Vecosys today I have an exclusive story on Izimi.com, a UK-based P2P and instant messaging startup, about to relaunch with a social networking and file sharing strategy. They are a pretty ambitious bunch, aiming at the US market. It would be nice to see a UK startup take the fight back to Silicon Valley, for once.