I have to say that I was a bit skeptical about the recent Web 2.0 Summit. I thought that it would be a bust. In fact first impressions were that it was trending that way. However after Jerry Yang’s conversation with John Batelle the Web2.0 Summit pickup up the pace.
I had a chance to speak with many of my friends in the space, and it was clear that doing business and building ventures was on the mind of many. Unlike recent years where the Web 2.0 Summit felt a bit bubbly, this year was different. Many were talking about ideas and sending signals of open collaboration – many among serial entrepreneurs. For companies in the Web 2.0 space the conversation was on doing business.
It was an environment of executives doing deals. What a concept. The reality of the market is now on doing business. The event was successful and for the first time I felt a strong sense of business focus. Industry participants actually looking to build an industry.
This begs the question: was there ever a bubble? Sure some companies are flashy and ajaxy but in reality we never had a bubble or bubble burst. The financial reality or depression didn’t originate from Silicon Valley or Web 2.0. The crisis vectored in from mainstream financial systems.
Future of Web 2.0 – Just Do Business. That’s on the mind of entrepreneurs, VCs, and large corporations. How refeshing.