This article hits the proverbial nail on the head:
'The worst thing about the Internet, in terms of entrepreneurship, is that there is such a low barrier for entry. It gives you the opportunity to start a business without really thinking through your business model.
While it may be easy to set up a website, it is extremely difficult to set up a content-driven website that generates significant revenues. People with absolutely no understanding of business can set up shop online and then bleed money because they haven’t done their homework, don’t know the competitive landscape, have no idea of how to budget and do not understand the finances of an ongoing operation."
Full story here.