
Robert Weisman has written a great piece on the Boston VC pursuit of promising Web2.0 companies. Some informative quotes from the piece:
"Unlike the dot-coms of the late 1990s, many of which counted on the proliferation of online eyeballs to overcome shaky business models, Web 2.0 companies aspire to profits, cash flow, and recurring revenue. Their embrace of new technologies and open-source software like Ajax, enabling the creation of richer Internet interfaces, has dramatically lowered operating costs. And they have sought to spice up static content with interactive and multimedia technologies -- like weblogs, wikis, or podcasts -- that enable two-way conversations.
Google is the poster child for Web 2.0
What the Web allows you to do is have second-to-second information about user interactions. Every click is information, and that information can drive your business.
.... the hottest field in technology today: the second wave of Internet start-ups known as Web 2.0."
For more see: http://www.boston.com/business/technology/articles/2006/08/07/wheres_web_20?mode=PF






