Yesterday afternoon, I headed up to San Francisco to attend the Business 2.0 Next Net 25 Roundtable. Billed as an open discussion among new company CEOs from their Next Net 25 list and other interested parties, the event was very well attended.
Om Malik and friends sat us down to discuss what's really new and interesting, both technology and business, in this new "Web 2.0 Bubble." Of course, several argued that this isn't a bubble at all, and I'm inclined to agree.
My main contribution was an attempt to get people to realize that a lot the most hyped companies have little to do with new technology and infrastructure. In fact, most of the companies are fairly easy to categorize based on their business models and where the money comes from.
- technology/infrastructure/service companies who can charge for their services in various ways. Examples: Technorati, Eurekster, BrightCove, VOIP services, FeedBurner
- transaction oriented companies who aggregate and connect various types of buyers and sellers in a marketplace or data-driven service (think real estate, jobs, travel, etc) and often take a cut of the sale. Examples: SimplyHired, Ether, Edgeio, FlySpy
- content/community companies who aggregate a big group of people around interesting, entertaining, or useful content in one or more vertical markets and rely on advertising. Examples: Digg, RawSugar, Memeorandum
We had a couple hours of spirited debate, discussion, and drinks. The most entertaining comment of the day came from Om himself. Unfortunately, it was "off the record."
Thanks to the folks up at Business 2.0 for putting this event together. I suspect the experience was good practice for the "Web 2.0: Show Me The Money" panel I'm set to be on at Microsoft's MIX06 Conference.
Posted by jzawodn at March 03, 2006 07:50 AM