David Pakman has an excellent post up called “Confusing Traction with Value“, pointing to the “distressed exit of iLike” and then pointing out a few Web 2.0 aberrations in valuation. For those of you who experienced Web 1.0’s up and down, this is a bit “been there, done that”. Web 1.0 was about startups far outstripping the available audience. Web …
Swan Song for IT?
Randall Stross over at the NYTimes recently wrote about Thomas Siebel’s contention that Information Technology’s “glory days are past — long past, having ended in 2000.” According to Siebel, from 1980 to 2000, “All you had to do was show up and not goof it up… All ships were rising.” That is, of course, an absurd statement. Those 20 years …