05-15-2006, 08:25 AM
Former PayPal chief discusses the prospects for investors in the current Web 2.0 boom.
full article: http://www.mercurynews.com/mld/mercurynews/14577780.htm
Quote:Q The Web 2.0 craze has been on for a while. Will it be over soon?
A I don't think it's going to be over soon because the usage metrics are still tracking in a very steep northeasterly direction. You'll see things get ahead of themselves, valuations and so on, but there's a shift going on from traditional Hollywood media to a tech-centric media industry. Surveys are showing, people under 28 are spending more time on the Internet than watching television. It's a really big-scale thing.
Q What's different from Web 1.0?
A Those companies that are successful are incredibly successful, and a lot of the other companies have no value at all. That's the thing that is so dizzying about Web 2.0.
full article: http://www.mercurynews.com/mld/mercurynews/14577780.htm