In case you missed the obituary, Michael Arrington of TechCrunch has declared this as the end of Web 2.0. The economy is in the toilet. Venture capital is drying up and massive budget cuts and layoffs are imminent for many internet companies.
Perhaps the easy money is done, but is it really the end of Web 2.0? I say no. The concepts that define Web 2.0 will continue on. Sites built on user generated content, daily launches of new social networking sites, paper thin revenue models and business plans, even silly domain names and pastel logos… these things will not go away.
Mark my words, for every Web 2.0 death we see in the coming months, another start-up will be waiting to take it’s place. Team Cyprus won’t stop believing. Neither will I.
Web 2.0 lives! Bring on the crud!