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Dave, the downside of the "web-enabled insto product" mindset is that a shitload of startups are copycats. Walking through the aisles at the TechCrunch thing in NYC a couple months ago, 95% of the companies started their pitch with "we're like XXXXX, but...". Like, "we're like Facebook, but for pets". Please. Spare me. There is a middle ground for "real innovation" that will require a bit more capital than copycats and "applied technology" startups. If we don't find a way to fund real primary research and technology innovation and are just focused on following social fads with lightweight "insto startups", we're fucked as a country over the long term. Schumpeter rules.
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Jul 31, 2010