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mikesabat,

I think negative things are happening. Too many "younglings" are living a false dream that they can make money by redoing a myspace, a blogger, a youtube. Seriously, there is no value addition between one project and another. Younglings are trying to figure out if they can do NOW what, say, youtube did 2 years ago. And other friendly younglings flock to these web sites for no apparent reason, other than friendliness.

I think the VC-s need to send these guys back home and request them to send a mail to, say youtube, on how it can improve its service, in stead of pouring other people's retirement money on useless idiotic-video-clip sites.

I think I can count really useful web 2.0 services on the tip of my fingers. Meebo obviously counts as first (and possibly a truly innovative service). But, most others better start reporting to f*ckedcompany.com soon.



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