WTF 2.0

Russell Beattie:

The worst thing about all the Web 2.0 hype is the complete loss of business perspective. There’s a few companies out there that seem to get it but just about every other new website I’ve seen lately is nothing but features parading as businesses. Sure, these guys get to be entered in the “Flip It Quick Acquisition Lottery�, but beyond that, none seem to be creating anything of any real value. Yeah, I’ve bitched about this before, but hey… today seems like a good day to start in again. I mean, not only is Bloglines not updating so I don’t have much else to write about, but I saw Jeremy’s link to the 16 ways to think in Web 2.0 and sure enough, not one of the points included anything about actually making money or creating a lasting business. It’s like the hype has climbed to whole new levels overnight.

What part of “Version 2″ don’t these people get? Doesn’t anyone remember the web bubble and bust from the v1.0 days? Remember what happened when Alan Greenspan finally looked around and said, essentially, “WTF is going on here?� Are they really that eager to duplicate that experience?

via I-Wisdom.