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TulipTools Internet Business Owners and Online Sellers Community › Financing, Investment, Startups, and Venture Capital › Financing, Investment, Startups, and Venture Capital › Venture Capital v
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Former PayPal CEO Peter Thiel discusses the prospects for Web 2.0 investors

  
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Former PayPal CEO Peter Thiel discusses the prospects for Web 2.0 investors
05-15-2006, 08:25 AM,
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mandy Offline
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Former PayPal CEO Peter Thiel discusses the prospects for Web 2.0 investors
Former PayPal chief discusses the prospects for investors in the current Web 2.0 boom.

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
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