Web 2.0

There is a conference going on in San Francisco about Web 2.0. Very interesting technologies are being discussed. Sometimes I look at this and think that this is another Internet bubble. Lots of young entrepreneurs, with grand ideas, and lots of VC ready to invest in the next Google (remember when we said the "next Microsoft?"). I think this is different this time. Many have learned that the world is not different because of the Web: Financial statements are still relevant, business processes are still important and you do not need to "destroy your business" to benefit from the Internet. Also, noone is taking about the "New economy." What's different with Web 2.0 is the way we collectively share information: The wisdom of crowds takes on a whole new meaning... More to come after the conference.