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I am extremely happy to see an interesting phenomenon taking place in the web industry today: people are talking about money. It’s surprising to say something like that but it’s true. Web 2.0 was definitely somewhat of a bubble in the sense that there have been a number of venture capitalists that invest in ridiculous business concepts.
As a few of us concluded last night following Tech Cocktail DC, the source of this may just be the wild west mentality in which people have visions and dreams of success even though they don’t know how they’re going to get there.