Dana Blankenhorn wrote an interesting post about the dearth of entrepreneurs making hay out of all the new and developing online creations.  He points out that no one is really making money on blogging yet, but they are already moving on to podcasting, open source software, etc.

My favorite piece from his article is this:

The challenge is to find ways to bring in enough advertising,
sponsorship, event, and subscriber revenue to turn hobbies into
careers. Without fertilizer, plants die, and money is fertilizer.
Volunteers will burn out without it, some quickly, some more slowly,
but all surely. Or, as entrepreneur Max Bialystock says in The Producers, "Money is Honey."

Anyone who has ever tried to build a business based on bartering services, or paying their labor with beer knows that he’s right.  You truly get what you pay for.

BTW, what keeps me up at night is figuring out a way to build the next media empire with all this new stuff.  I’ll keep you posted.  And if you’re interested in building it along with me I’ve got a fridge full of beer in the basement…