Wheelz Online

Just when I thought that reading blogs was getting a bit boring, your friend and mine John Dvorak has posted an article which suggests that we are heading for another dot com burst that eclipses the scale of 1999.  You can read the article here.

What I think he fails to realise is that in the original dotcom bubble, the people who were creating the bubble and also died when it burst were startups and VCs.  But the ‘web 2.0′ (I hate that term) is more about social networking, so once a site it up and running, it gets taken over by the ordinary person therefore surviving as long as people want it to.  He takes a pop at “everything from YouTube to the local church has a social-networking angle”.  But the church has a purpose - namely to keep that church’s congregation in touch with each other.  It’s not meant to be the size of YouTube.

Once again Mr Dvorak is predicting the fall of the internet while missing the point of all the things he critisises.