I tend to not jump on bandwagons. I see opportunities, evaluate them, then decide whether they are worth the web space they are printed on. Others however are not so keen to this way of thinking.

10 years ago, there was an internet bubble, it burst, and the economy tanked. Today, we are at the exact same point we were then, except with web 2.0. Everybody who thought that web 1.0 would allow sites as milktherabbit.com to succeed are now of the thought that another social network or video site will succeed. Everyday I see that some no name company just recieved $50 million or so in "this" round of funding.... which says it's not the only round. People feel enough capital and enough MBA's in the room can create the best web site on earth. It's simple foolish. A room full of MBA's, PHD, and CEO's is twice as inept as the 20 year old who created Facebook or the 27 year old who created Myspace, or the 23 year olds who invented Google, or about the 21 year old who founded Microsoft. Why? Because the MBA's lack vision, passion, and determiniation. They only see $$$.

 It makes me laugh that people didn't learn the first time. What's Ironic is that the ideas are the exact same. Monenize something that's free because it's been proven to work with advertising. It was proven to work in the first bubble, just not for everyone. We had 5 years of smarts before today, now we have reverted to the past.

Most people who were around 10 years ago say we have come full circle. We are at the same point we were before the bubble burst last time. I don't see why the result should be any different. My dad once said to me "The definition of a crazy man is someone who does the exact same thing over and over again expecting a different result." I'm pretty sure venture capitalists have all gone crazy.