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Dave, you do a great job of analyzing the implications of the idea that web 2.0 technology has democratized startups - the cost of getting off the ground is much lower and reaching customers is more accessible. I agree with Rick Bullotta's comment, though, that a lot of the startups who meet the criteria you've outlined tend be copycat, fad-driven companies. I wonder why tech innovation is so focused on gaming, more targeted search advertising, etc. when these tools could be used to address problems in other domains. Healthcare, for example, is devoid of interesting companies that take advantage of social media and search to bring better information to consumers. I'd like to see a response from the perspective of the so-called "dinosaur VCs" you mentioned... is now following The Typepad Team
Jul 31, 2010