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From randompictures:

Oh, AMEN!

Blog entry found today. An excellent summation of the entire Web 2.0 mindset and where next to go::

There Will Be No Web 3.0
By Ted Dziuba on December 21, 2008 2:49 PM | Permalink


The recession reached its hand into Silicon Valley's now lukewarm tub and yanked the plug. It's still draining out, and I wish it would go faster, because there are just too many fucking people in the San Francisco Bay Area. I'm talking about you, guy in your Prius taking the left hand turn on to Middlefield Road too slowly. Leave, now. And don't come back. Bonus points for wrapping your expression of environmental consciousness around a tree. Be one with nature.

The guy who drives the Prius likely works at a Web 2.0 company that's burning its way through the $4 million it raised from Me2 Ventures, one of the many sheep-funds in the Valley who follow the trends of top-tier investors like Sequoia or DFJ but don't have the connections to pull liquidity out of hype.

In two years, this guy's company will finally run out of money, having failed to raise another round because investors are too busy conjuring up the next bubble. The failure of Web 2.0 was a live demonstration in I-Told-You-So, as was the first bubble. Both times, the world looked on and thought "what the fuck are you doing?", and Silicon Valley replied "shut up and bring me my Vaseline". We went from bad business plans to no business plans, and saw much less liquidity this time. The big bang was YouTube, and it was all down hill from there.


The Only Easier Money is Marijuana

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I believe this because it's satisfying. No more "get users, do something, get bought out". This time, it's "invent something, build it, sell it". Sure, we'll be turning a profit by taking sick advantage of alarmism, but it's a business.