The Next Big Sting

All change at Skype it seems with the founders departing with only a fraction of the money that was predicted if they managed to hit the targets for growth. It's still $500m so I won't be worrying for their future welfare. Read the full story at Business Week.

What caught my eye was that Zennström was off to launch his new venture Joost - a web TV service that currently offers over 15,000 shows and counting. Maybe if he'd been concentrating on Skype's performance rather than the next big thing, it might have been a different story for eBay's $2.6b investment.

With Microsoft talking about a massive investment in Facebook (apparently) and a new site called MyWorld being created as a cross between MySpace and Second Life, there are plenty of ideas vying for the title of the 'Next Big Thing'. You can guarantee that these will always be followed by the 'Next Big Sting' when young entrepreneurs go smiling all the way to the bank.