Are people getting tired of Web 2.0?

October 12th, 2005

Is it me or am I picking up on a change in how people are reacting to Web 2.0, especially now venture capitalists are on board?

A quote by Ben Barren that I really like is this one where he describes it as an:

"emerging land of absurdity where a live prototype that can be replicated in 90 days, that has no business model or revenue is considered a business."

PC Doctor cartoon - Web 2.0
Click to see more cartoons

I'm not convinced by the whole Web 2.0 thing to be honest (how many people even know what it is?) and I see it as a bubble that will suck cash from people for a while before doing what all bubbles do eventually. My reasoning for this is quite simple - no matter what anyone says it's far too overhyped and to keep that level of hype is going to need a lot of cash and that's going to be the downfall. Also, compare it to Web 1.0 and there are a lot more players in the game so competition is going to be fierce and there are going to be a lot of casualties.

PC Doctor cartoon - bubbles can burst

The other problem with Web 2.0 is that when you boil it down there's no new technology involved - it's Web 1.0 with a few buzzwords and a paradigm shift (and I'm not too sure what that shift is). The entry onto the ladder is easy and at the moment it seems that ideas (which are ten a penny) are ridiculously overhyped and overvalued. There needs to be close focus on the fundamentals and a gradual build up if this isn't to crash in a big way.

As with all things, it's time that will tell.

More going on at [tag]blogoposium2[/tag].

This entry was posted on Wednesday, October 12th, 2005 at 14:49 and is filed under Cartoons, In the News, PC Doctor's Thoughts. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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