Perkins: 2007 = Web 2.0 shakeout

Is it over already?

In a recent post on AO, Tony P. says that “Pretty soon, I predict we’ll see one of the well-known, over-funded brands like Technorati, PodTech, or Brightcove outed by a site like TechDirt or Valleywag for having had a major layoff or down investment round. We’ve already seen early high-flyers like Friendster and Odeo stumble and fall, and many more will certainly follow.”

While I agree that the tech sector, and especially the web 2.0 set is due for a bit of consolidation (how many video sharing sites do we need?), I think that a full on, late 90s meltdown is a little far-fetched.

Some of these startups may be over funded… but just think about those big piles of money the VCs were sitting on while the remnants of Bubble 1.0 blew over 🙂

Bill Johnston - Founder, Structure3C. Former Head of Community at Dell & Autodesk. Mobile: (415) 233-6914 Twitter: @billjohnston LinkedIn: http://www.linkedin.com/in/billj In a sentence: Seasoned online community and social media executive and advisor with over 15 years experience developing large scale online communities, social media initiatives and successful online product strategies.

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