Lessons of Flickr

Financial Times has a short story about the lessons of Flickr as a startup and "the rise of a new kind of Internet entrepreneur."

Dependence on outside funding seems to be waning, open-source tools lower "barriers to entry for aspiring web entrepreneurs," "start-ups do not need to break the bank to create an IT infrastructure," blogs and other social networks provide efficient out-bound marketing, and "the latest generation of internet entrepreneurs have plenty of exit options available."