Web 2, dying at last

Looks like investors have decided that there is only so far the hype can go ...

The article wrote:

"We have absolutely no interest in funding Web 2.0 companies," says Randy Komisar, a partner at Kleiner Perkins. He mentioned this during an after dinner conversation last week. He said he had recently told John Battelle, one of the organizers of the rapidly growing Web 2.0 Summit conference, that the term no longer had the same positive cachet it once had. In the VC community it clearly has a negative one.

I always thought of Web 2.0 as a movement to online web services/apps.

We have this now so the excitement is dying off perhaps.

Don't all investors start by saying 'I have no interest in your <insert item here> , but tell me more....'

NB my knowledge of Investors comes mainly from watching Dragons Den!




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Some of them obviously have some interest - judging from facebook, last.fm, myspace, et al. But nooo, we're so not interested in "Web 2.0".

Anything that gathers lots of people gathers lots of eyeballs which gathers lots of ads ( ) and money...

It's pure nonsense to say that the social web is dying. Pure nonsense. Because that's really what Web 2.0 is. It's not a technology. That's why the term is quite poorly chosen.

 version 2.0. who came up with that in the 1st place? I have yet to find a definitave definition of the term.