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In Web 1.0, young companies could plan on a potential exit event by conducting an IPO or by getting acquired under a long forgotten tax code methodology called a “pooling of interest”.

In Web 1.0, young companies could plan on a potential exit event by conducting an IPO or by getting acquired under a long forgotten tax code methodology called a "pooling of interest". Today, the IPO market is not welcoming to small cap companies that are growing but are unprofitable so acquisitions become the efficient method of exit. However, without the tax free pooling of interest methodology, acquiring companies essentially have to pay for acquisitions out of earnings. With the earnings pressure that all companies seem to have – other than Google and Microsoft – it has made the pool of companies that can acquire and consolidate small companies smaller and smaller. AOL has made some very smart acquisitions of late. I would expect Facebook will eventually acquire some companies and I also bet a financial player will develop what is called a "rollup strategy" and try to build out a network along the lines of what Barry Diller did in television by creating the FOX Network. However, the pool of companies that can buy Web 2.0 start-ups I believe is actually shrinking. This will bear watching as so much venture capital has poured into web 2.0 companies all with expectations of 40 percent annual returns or better. Something will have to give.

Here is a very in-depth analysis of the Academy’s short list. You can see the great competition of high quality films involved in this year’s analysis by Academy voters.

Wow. Things are getting really tough out there for print-based properties. I love my paper and hope these great enterprises don

Check it out.