Some Web 2.0 Bubble Signs

August 14th, 2007

TechnologyTwo more items came to pass that bear some mention, especially in relationship to the 2007 Web Bubble predictions I made a while back (Nov 2006 to be exact). Here they are again as a refresher:

  1. The “New Internet Boom” makes the cover of Newsweek, TIME, and Wired.
  2. Google stock hits $1,000 a share.
  3. Old Web 1.0 companies return from the grave for another go.
  4. Businesses whose sole purpose is to help Web 2.0 businesses begin raking it in.
  5. Advertising takes off.
  6. People move to the Bay Area just to get a cool job.
  7. The average joe tries to get in on it.
  8. A huge new media company buys a huge old media one.
  9. This blog (or its sister site, Bottle Cap-O-Rama) begin to have business potential.
  10. I leave my day job to work a start-up - or blog full-time.

And here’s my casual evaluation of where we’re at right now, more than halfway through 2006:

  1. Time magazine had “You” as the person of the year. Now Newsweek has joined the Internet boom with a cover story on Mark Zuckerberg and Facebook. Wired is pretty much a given at this point - just a matter of time (no pun intended).
  2. Not happening.
  3. Amazon is getting into grocery delivery, just like WebVan did back in the day. Not exactly the same as Gazoontite returning for one more go, but we’re getting closer.
  4. Not sure if this fits the bill.
  5. It’s looking up.
  6. Not totally bubbly from my standpoint - as I’m not reading newspaper articles about landlords accepting stock options for rent due to the influx of new wanna be dotcommers.
  7. Well, maybe if you include all the bloggers. But seriously, the VMware IPO might be a return to the days where your uncle says “anything with .com in the stock goes up!” Mathew Ingram seems to consider this a bubbly sign.
  8. Rupert (News Corp, MySpace) bought the Wall Street Journal. Getting closer. I’m waiting for something more bubbly like Google buying the San Francisco Chronicle
  9. Ever increasing trickle of ad revenue, and the Blog Herald…
  10. Nope. Nope.

So I’m still feeling bubbly, but I’m not busting out the sock puppet or the Amici’s Pizza just yet.

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