Henning Lange blog

For the third time Loic Le Meur invites bloggers, web entrepreneurs, investors and everyone who is interested in the internet space to Paris to talk about the media revolution. While the first two conferences were focused more on the blogosphare LE WEB 3 program is even more promising. I’m looking forward on talks about Web and Enterprise 2.0, the death of TV through content and distribution as well as Old Europe vs. Silicon Valley.

For the first time their will be a start-up area, where web entrepreneurs meet-up with investors. Sorry, that we aren’t presenting Ormigo this time. If you are interested in our disruptive approach for the local advertising market, please, feel free to contact me or Oliver.

Now it’s official. Last Friday, 24th of November openBC which just relaunched it’s social networking business under the new brand Xing.com declared it’s IPO for 7th of Dezember 2006. The signing period is from 4th-6th of Dezember. As a premium-member they offer you a preferred assignment of their new stocks.

I have been a premium-member for over 2 years now. As an entrepreneur I see several values Xing provides as helping you to find new employees or freelancers, to identify the right contact persons at potential customers or partners, to keep your addressbook state of the art, share contacts and information. But I’m not sure if EUR 10 Mio. in sales justifies a valuation of EUR 250+ Mio. as their are rumors that openBC wants to offer 40% for at least EUR 100 Mio. in cash. This puts the value of it’s 150.000 premium members at EUR 1.667 each, or above 20 years of their annual fee. So, what do you think? Is it worth to sign on?

Sorry, for my long silence. While lots of interesting things happend within the last six months we worked 120% on the launch of Ormigo Profiles. Ormigo Profiles allows local merchants for the first time to acquire qualified buyers for their products and services in a very easy and effectiv way. Please, check it out: www.ormigo.com

If you wanna learn more about Ormigo you might also watch our first tv-interview.