The Web 2.0 Investment Bubble
by
Randy Mears
A recent article on CNET begs an interesting question. Will the Web 2.0 investment bubble spur another wave of Internet entrepreneurship? The answer is yes, but only a little. To me, the Internet bubble of the 90s compares to an earthquake while the Web 2.0 bubble will only measure up to a few small aftershocks. The Web 2.0 wave, more evolutionary than revolutionary, lacks the disruptive influence that the initial Internet wave of the 90s brought.
At any rate, look for the big boys of the 90s Internet bubble to be the primary beneficiaries while Internet “1.0” applications get added to the list of legacy applications ripe for replacement. For most companies, this replacement activity, typical of legacy replacement activity, will happen in the background and only on an as needed basis.
