I've been reading Umair Haque's blog at Bubblegeneration for several months now—it's some of the best, most provocative thinking about digital media that I've come across.
The site might look a bit messy, but there are some real gems, both in the ongoing blog, and in the downloadable PPT presentations (e.g., "The New Economics of Media").
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From Bubblegeneration:
Every revolution needs principles. They need to be defended and nurtured because the market (analysts, etc) are inherently myopic - and revolutions take time to create value/upset the status quo.
The problem with 2.0 is that there aren't really any principles (hypotheses, if you like) anyone is standing up for. Entrepreneurs, for the most part, are just flipmeat - they have little intention of investing the time it takes to build something solid and durable. McVenture guys, for the most part, are just flipping the burgers, if you like.
In neither case are players trying to revolutionize much of anything. Hence, the long gap in any kind of significant liquidity event in 2.0. It's a shame - but it's squarely down to standing for exactly nothing.
I might agree with the observation that web 2.0 entrepreneurs are not exactly following the principles necessary to guide a revolution. But that gives too much credit to the notion that we should be trying to in the first place.
Revolution? I don't really know what revolution this is supposed to be, and I've never heard any of my other web 2.0 brethren use the word. We talk about solving problems and meeting the needs of customers.
Why not say: The problem with medicine is that, for the most part, podiatrists are doing nothing to halt climate change.
I got to use the word "brethren". Hee hee.
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