From: Joseph Date: 2006-09-19T07:36:25+09:00 Subject: Re: Dot Com Bubble 2.0 Philip, This bubble is a different creature. The first bubble had plenty of VC money, and companies had it easy, no profit, no problem! No business model, who cares! Most web2 companies have some type of reasonable business model... they are actually delivering useful products, and some of them have been profitable from the start, or close to the start! Compare that with the Web1 Bubble where literally hundreds of companies had NOTHING to offer, even less a profit! So yes, there is a bubble, but a different bubble, I would say this one will have a very small correction, if any at all, mostly because of competition and over-saturation of some markets like social software and tag-land. Web2 companies seem to finally have a clue, that a business is supposed to deliver a service, pay salaries, make sales, and yes... make a profit too : ) My 2 cents. Jose L. Hurtado Web Developer Toronto, Canada Phlip wrote: > Rubies: > > While I join the crowds bubbling with enthusiasm over RoR, AJAX, and our new > version of the Web economy (uh, Web 2.0 to some)... > > ...I think we might pause to consider how these easy technologies and > low-bid venture capital just might be setting us up for another, smaller > bubble, followed by another, smaller correction. > > There. It's over; I stopped considering it. Back to the party! > > -- > Phlip > http://www.greencheese.us/ZeekLand <-- NOT a blog!!!